05
Apr
15:39
Scrap price drop, Asian competition pressure Russian billet
The drop in scrap prices before the Eid holiday in Turkey and the Middle East and North Africa, and recent deals in Turkey for Asian-origin billet immediately resulted in lower bids for Russian-origin billet, market participants inform Kallanish.
In Turkey, domestic billet quotes were at $575-585/tonne ex-works. However, Turkish merchant bar producers, particularly, have been forced to decrease their prices in the export markets amid weak demand, lower raw materia…
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Anonymous
Very good overview of the weekly steel market.
Anonymous