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05 Jan
13:11

Russian billet suppliers anticipate increases after holiday break

Russian billet suppliers continued observing a holiday break during the first week of January, resulting in limited activity, market participants inform Kallanish. Billet from Russia’s southern region was offered to Turkey at $550/tonne cfr Turkish Black Sea ports for January shipment, up by $10-15/t compared to indications a week earlier. The hike is attributed to the recent imported scrap price increase in Turkey. “The Turks will most probably w…
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