April 29
Reuters reported that Black Sea region billet prices rose this week as traders cited solid demand that looked set to continue as consumers restocked.
Traders said that Black Sea billet sold at USD 600 per tonne USD 640 per tonne free on board Russia and Ukraine this week, above last week's USD 585 per tonne to 605 per tonne. The price is increasing at the moment. We'll see some more increases in the next couple of weeks. Everybody will have to restock, and this is bringing additional demand.
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