Tag: billet trade
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Weekly round-up: Asian, CIS billet prices weaken; Iran export sentiment improves
Chinese steel weakness pressures export billet offers Strait of Hormuz traffic supports improving export sentiment Global billet markets remained under mixed pressure this week as weak steel demand in Asia and the CIS contrasted with improving export sentiment in Iran. Chinese and CIS billet prices softened amid subdued buying activity, seasonal demand weakness, and lower…