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14 Dec
17:04

CIS billet remains stable

The Black Sea billet export market continues at a steady, somewhat lacklustre pace, after several bookings were made last week, finalising January casting schedules. Prices remained in the same, $600-610/tonne fob Black Sea bracket, with very few exceptions, Kallanish observes. Demand in North Africa remains at $650-660/t cfr, but Turkish import prices are lower, at around $625-630/t cfr, on the back of the ongoing slide in scrap import value of the last three wee…
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