16
May
16:16
Black Sea billet prices continue to decline
Black Sea billet prices remain on a downward curve, pressured by sliding values of Turkish scrap imports and finished products, and Russian mills' ability to lower offers further still, Kallanish observes.
From offers of around $640-650/tonne fob Black Sea over a week ago, last week saw Russian billet offered at $630-640/t fob, with deals concluded at even lower levels to Turkey and Egypt. Turkish demand is relatively strong, but buyers are pushing for lower p…
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Anonymous
Very good overview of the weekly steel market.
Anonymous