April, Friday 29,
Black Sea billet this week in Russia rose by USD 40/MT and settled around USD 600/MT and in Ukraine prices went up by USD 20/MT to reach USD 605/MT.*
Traders said that increased demand for steel billet, a semi finished product used for construction, mainly influenced consumers for restocking and higher scrap prices in the International market have caused the billet prices to rise as compared to last week.
Comments by:
Traders – “Prices are increasing at the moment. We will see some more increases in the next couple of weeks and this is bringing additional demand.”
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