21
May
15:33
Russian exporters cut billet on softening scrap, competition
Russian suppliers have been forced to cut billet offer prices, given the abundance of Turkish domestic as well as alternative-origin billet availability. This comes amid weak demand for finished steel domestically and in export markets, leading to softening scrap import values in Turkey, market participants inform Kallanish.
There is demand for Russian-origin billet in Turkey, but Russian suppliers did not accept bids at $515/tonne cfr Turkish Black Sea ports. The…
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Anonymous
Very good overview of the weekly steel market.
Anonymous