07
Mar
17:11
Russian billet export market pauses
Russian billet trading activity remained subdued as Turkish customers insisted on further discounts, referring to falling scrap prices, market participants inform Kallanish.
More market participants in Turkey believe that imported scrap prices are nearing bottom. Distressed scrap cargoes were no longer available, and more scrap suppliers withdrew from the market, resisting further decreases.
Billet offers from Russian mills were heard at $505/tonne fob Black Sea …
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Anonymous
Very good overview of the weekly steel market.
Anonymous