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CIS meltshops hike billet offers as mills withdraw light longs prices

July 26, 2010 - 00:00 GMT

Spotlight - Black Sea supply tightens against expectations

Last week semi-finished and finished light long products supply from the Black Sea unexpectedly tightened. Russian and Ukrainian meltshops increased their export offers by as much as $40 per tonne. And rolling mills withdrew rebar and wire rod export offers altogether, traders told MB. Most producers don’t plan to offer September’s rebar rolling until the middle of next month, having sold all of their prompt material to customers in the Middle East and North Africa, they said. “ArcelorMittal Kriviy Rih is one of the few producers to still have available rebar production for...

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