18
Oct
17:55
CIS billet slides on low demand, high costs
Black Sea billet trade has quietened down in the past week, reflecting a moderate supply and demand dynamic. Suppliers were seen a little more willing to offer concessions, as buyers' ability to procure material appeared more limited, and scrap prices softened, Kallanish notes.
Following the Crimean Bridge explosion and the subsequent rise in insurance premiums and freight rates, Russian mills were indicating the same, $590-600/tonne cfr to Turk…
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Anonymous
Very good overview of the weekly steel market.
Anonymous