Tag: Russian Billet Offer
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Falling Chinese Billet Offers may Keep Global Scrap Prices under Pressure
Consistent fall in billet offers from Chinese exporters is certainly going to give a tough time to scrap traders across the globe. Chinese billet getting popular in Turkey, which is the largest importer of ferrous scrap in the world, will put pressure on global scrap prices. Market participants highlight that big consignments of Chinese billet…