CIS billet prices hold amid firm demand in North Africa

Prices in the CIS export billet market were stable over the past week, supported by firm buying activity in North African region despite Ramadan, sources told Metal Bulletin.

Metal Bulletin’s CIS billet index was $396 per tonne fob Black Sea on Monday June 12, unchanged week-on-week.
Purchasing activity was mainly concentrated in the Egyptian market, where demand for long steel products has improved recently.
Last week the country also introduced anti-dumping duties against imported rebar from Turkey, China and Ukraine, which is expected to result in higher billet imports.

Last week several lots of CIS-origin billet from traders were heard booked in...

Published

Vlada Novokreshchenova

June 12, 2017

23:46 GMT

Dnepr