10
Oct
17:01
Russian billet suppliers await bids
Billet trade in the Black Sea remains quiet amid the downtrend in scrap, while semis buyers in Turkey are awaiting Kardemir's new billet prices, as these set the trend for Turkish long steel prices, market participants inform Kallanish.
Kardemir's anticipated billet price announcement would help establish the bid level for Russian-origin billet, according to one Russian trader.
Meanwhile offers of Russia-origin billet to Turkey were heard at $510/tonne cf…
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Anonymous
Very good overview of the weekly steel market.
Anonymous