Tag: Egypt steel industry
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Weekly round-up: Billet markets remain mixed even as Chinese offers ease and Iranian exports face disruptions
Weak downstream demand, lower raw material prices weigh on Asian billet demand Egypt’s safeguard duties and regional freight pressures reshape import economics Global billet markets remained mixed during the week ended 23 October, with weak finished steel demand and falling raw material prices limiting buying interest. Production cuts in Iran, higher freight and insurance costs,…