Tag: UAE billet shortage
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Weekly round-up: Scrap-led rally and Turkiye restocking push billet markets higher; Iran risks loom
Scrap-led cost push lifts semis; Turkiye buying surges after delayed restocking Recent airstrikes on Iran’s major steelmakers keep steel sector under pressure Global billet markets strengthened sharply in the week ended 27 March, as a rally in ferrous scrap prices triggered a cascading rise across billet and long steel segments. Turkish mills led market activity,…