31
May
16:38
CIS billet remains under pressure
CIS billet market sentiment continues to soften amid decreasing scrap and steel prices in relevant markets, hampered by seasonal factors and Chinese futures volatility of the past two weeks.
Indicative demand is circling $600/tonne fob Black Sea, but offer indications did not move much down on Monday from last week's $650-670/t fob, Kallanish learns from market participants. Traders are nevertheless active in exploring short positions with the …
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Anonymous
Very good overview of the weekly steel market.
Anonymous