Weakening prices changed direction when the cash price of steel billet rose 1.4 percent on June 19, 2012 on the LME to $355 per metric ton. The 3-month price of steel billet rose 1.4 percent on the ...
According to Answers.com, a billet is “a small, usually rectangular bar of iron or steel in an intermediate stage of manufacture” or “a small ingot of nonferrous metal.” I didn’t know that. I also ...
Have you wondered why the LME steel billet price is floating around under US $300 per metric ton when scrap is $350-400 per ton (depending on destination), and the Black Sea port steel billet market ...
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