01
Mar
16:56
Black Sea billet remains upbeat, Turkish demand holds
The Black Sea billet market remains upbeat, as strong demand from Turkey still holds, and availability from nearby sources, such as Russia and Iran, remains limited. This is driving prices upwards, with new deals up by $15-20/tonne on-week and offers by some $40/t, Kallanish observes.
Turkish buyers remain in the market for billet, following a large volume of domestic material sold last week at $665-670/tonne ex-works excluding 18% VAT. This prompted oth…
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Anonymous
Very good overview of the weekly steel market.
Anonymous