Tag: scrap to billet cost pressure
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Weekly round-up: Billet markets remain volatile as Russia’s absence, Middle East disruptions tighten supply
Middle East supply tightness drives sharp price gains Asia shifts sourcing amid limited Russian supply The global billet market remained volatile in the week ending 20 March, with prices largely supported by supply-side disruptions, geopolitical tensions, and shifting trade flows. In the Black Sea, CIS-origin billet prices increased w-o-w, with some suppliers quoting even higher…