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22 Feb
17:33

Black Sea billet supply crunch pushes up prices

The Black Sea billet trade is in the sudden conundrum of heightened demand and rising prices struggling to find availability, as buyers seek prompt cargoes amid shipping complicated by seasonal factors, Kallanish observes. Turkish buyers are in the market for billet in the wake of the Ankara’s announcement of the 4 million tonnes of domestic rebar planned for use in the rebuilding and reconstruction of the areas affected by the devastating earthquake on 6 Fe…
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