15
Mar
15:27
Russian billet exporters consolidate position, resist decreases
Russian billet exporters attempted to consolidate their position and resist price decreases, resulting in a lull in activity, market participants inform Kallanish.
Russian producers insisted on increases to $510-520/tonne fob Black Sea, citing demand in Egypt. But falling prices in China, the Ramadan lull in major consuming markets and negative sentiment continued weighing on prices, meaning Russian suppliers may fail with the hike attempt.
Some traders report th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous