Tag: steel production cuts China
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Weekly round-up: Black Sea billet prices stable; Chinese export offers rise on production cut expectations
Iranian domestic prices edge up; export deals stay discounted Chinese domestic prices hold steady on firm raw material costs Global billet and scrap markets firmed up in week 47 (17-22 November), led by Asia. Chinese 3sp billet offers rose by $4-5/t to $435-438/t FOB amid production cut expectations, though buyers stayed near $430/t, widening the…