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09 Jan
15:04

Russian billet exporters follow Turkish scrap rises

Russian billet suppliers have expressed disappointment over the lack of firm price increases in finished steel markets, despite rises in imported scrap prices in Turkey, market participants inform Kallanish. Russian billet suppliers have quoted export prices at $510-515/tonne fob Black Sea, but foreign buyers were predominantly quiet. At the same time, limited availability allowed some suppliers to make sales of 3,000 tonnes for January-shipment material at $551/t…
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