06
Oct
15:39
Russian billet suppliers gear up for deals
Russian billet suppliers are actively engaged in negotiations, striving to elevate export prices, market participants inform Kallanish.
This move is driven by the surge in domestic long steel prices and the need to transfer extra costs to buyers, considering the newly imposed export duty, linked to the rouble-dollar exchange rate.
Last week, the rate exceeded RUB 100 per dollar, reaching RUB 100.65 on Friday, compared to around RUB 97.58 per dollar a week earlier…
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Anonymous
Very good overview of the weekly steel market.
Anonymous