21
Nov
13:40
Sluggish demand persists in Black Sea billet market
The billet market remains sluggish, with demand in the main foreign consuming markets weak, market participants inform Kallanish.
The strengthening of the rouble could support Russian exporters’ prices, but the export duty impedes exports. The seasonal decline in Russia's domestic construction sector, coupled with declining rebar prices there, could weigh on billet export prices.
The exchange rate on Tuesday was at RUB 88.16 per dollar, in contrast to R…
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Anonymous
Very good overview of the weekly steel market.
Anonymous