21
Sep
17:09
Russian mobilisation news creates uncertainty in billet market
The Black Sea billet export trade continued to lull in the past week, but the 21 September news of Russian partial military mobilisation brought some activity to the Turkish billet and long product market.
Russian billet offers at $600/tonne cfr were considered too high for Turkish mills in the first two weeks of the month, as they rose in line with scrap prices and higher gas supply rates. Last week, however, as scrap prices started to decrease fol…
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Anonymous
Very good overview of the weekly steel market.
Anonymous