CIS STEEL BILLET: Prices fall on high availability, low demand

CIS export billet prices continued to fall in the week ending Monday November 6 with mills reducing offer prices due to plentiful availability and shrinking demand.

Metal Bulletin’s CIS Billet Index was $468 per tonne fob Black Sea on Monday, down from $482 per tonne fob a week earlier. CIS-origin billet was available for foreign customers at $470-475 per tonne fob Black Sea last week, having dropped from $485 per tonne fob early last week. “Producers have started to lower...

Published

Vlada Novokreshchenova

November 06, 2017

18:10 GMT

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