LONDON, June 24 (Reuters) - Black Sea billet prices fell this week and are expected to fall further as demand shrinks on concerns about the health of the global economy and as tighter credit conditions cut investment in construction, a key billet consuming sector.
Traders quoted Black Sea billet offers at $640-660 a tonne free-on-board (fob) Russia and Ukraine, compared with $660-675 last week.
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