24
Oct
16:47
Russian billet eyes other destinations amid Turkey weakness
Russian billet suppliers have redirected their billet shipments to markets other than Turkey due to weak demand in the Turkish market, market participants inform Kallanish.
While the largest consumer of Russian billet, Turkey, is experiencing subdued demand, other markets, particularly Egypt, have shown willingness to pay higher prices, a Russian-based trader says.
The appreciating Russian rouble against the dollar has exerted pressure on the competitiveness of R…
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Anonymous
Very good overview of the weekly steel market.
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