Tag: steel production recovery
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Weekly round-up: Global billet markets soften as weaker scrap, cautious buying weigh on trade
Turkish scrap correction amid weak rebar, billet sentiment Russian exporters lower offers while Iranian production recovery progresses Global billet markets weakened during the week ended 13 June, as softer scrap prices in Turkiye, sluggish downstream demand across Asia, and cautious buying sentiment pressured trade activity. Suppliers across key exporting regions lowered offers to stimulate sales,…