Semis prices remain at a 2017 peak

Semis prices remain at a 2017 peak (Sept. 5, 2017)

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Semi-finished products prices continued to remain firm last week, having reached their annual peak supported by strong scrap and iron ore prices.

According to Kallanish, billet stabilised at some $500-510/t FOB Black Sea since mid-August, as the high scrap levels pushed Turkish mills to increasingly order billets as a substitute raw material to feed their rolling lines. The current level is over $180/t above the transaction prices recorded at the end of August last year, while at it also remains over $60/t above the previous record registered in May last year.

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Semis prices remain at a 2017 peak (Sept. 5, 2017)

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