Tag: Global billet price
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Weekly round-up: Global billet prices under pressure as Chinese suppliers return to market
Negative sentiments continued to prevail this week in the global billet market due to factors such as bid-offer disparities, absence of firm buying interest, return of Chinese billets into the market, falling global scrap prices and drop in bids from key importing countries, which resulted in limited deals. Meanwhile, global billet prices are under pressure…