Tag: Global: Billet markets weaken w-o-w as lower scrap prices and weak steel demand weigh on trade

Turkish scrap decline weighs on CIS billet prices Chinese domestic market outperforms weaker export markets Global billet markets remained under pressure during the week ended 10 July as weak finished steel demand, softer scrap prices, and cautious mill procurement continued to weigh on trading activity across key regions. While firmer raw material costs and supply-side…