Tag: scrap prices impact
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Weekly round-up: Global billet prices slip on weak scrap tags, policy changes
China bucks trend, but high inventories cap upside Iranian billets slip despite increase in rebar prices In the 38th week of 2025, global billet prices saw modest declines across most Asian markets, while the CIS region and Russia also witnessed softer offers, with weak scrap values and policy uncertainty pressuring tags. With production costs close…