Tag: steel trade tensions
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Weekly round-up: Global steel billet prices fluctuate as scrap market hits new lows
U-turn on tariffs brings slight optimism in China Oversupply prompts corrections in Turkish scrap The global steel billet market in week 17 of CY’25 remained under pressure despite some signs of recovery. Prices showed mixed trends w-o-w across key markets, weighed down by a steep drop in scrap tags. In China, prices saw a slight…