CIS STEEL BILLET: Export market looks up following rise in Turkish scrap prices

The downward trend that has persisted in the CIS steel billet export market since late September was interrupted late last week as mills increased offer prices following a $10-per-tonne surge in Turkish import scrap prices.

This sent Metal Bulletin’s CIS Billet Index up $6 per tonne week-on-week, to $462 per tonne fob Black Sea on Monday.

On Thursday, as Turkish scrap prices spiked, CIS billet offers were $460-465 per tonne fob Black Sea, with some mills offering the equivalent of $470 per tonne fob Black Sea -...

Published

Vlada Novokreshchenova

November 20, 2017

17:46 GMT

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