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20 Feb

Stagnant activity pressures Russian billet prices

China's weakening pricing situation after the Lunar New Year, combined with March-production availability from Russian producers amid stagnant activity in foreign markets, is exerting pressure on Russian billet prices, market participant inform Kallanish.  At the same time, the cost of procuring scrap is supporting billet prices, according to Russian supply-side sources. Some sources report that March production is available and some producers are eā€¦
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