Author: Ramavath Mounika
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Global billet market subdued as buyers resist higher offers and weak rebar demand limits buying
Iranian domestic billet prices hit record highs Domestic Turkish billet prices hold despite weaker rebar Global billet markets remained under pressure during the week ended 10 October, with Asian prices declining amid subdued post-holiday trading and weak finished steel demand. In the CIS, shipping disruptions and rising logistics costs constrained Russian exports, while Turkish buyers…