11
May
16:39
Turkish billet exploits China's appetite, CIS follows
The Black Sea billet export price increase has accelerated this week after China re-entered the market late last week.
Bids were higher than expected to start with, traders tell Kallanish, and Turkish suppliers have caught the first wave, selling at least 150,000 tonnes of billet to China in the last few days. At press time on Tuesday, working price levels in China were $765-770/tonne cfr, but prices are still rising. With offers already at around $800/t cfr,…
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Anonymous
Very good overview of the weekly steel market.
Anonymous