CIS STEEL BILLET: Mills get bullish as customers accept higher prices

CIS export billet prices continued climbing in the week ending Monday February 19 as deals were heard concluded at higher prices, supported by positive dynamics in the scrap and finished long steel sector.

Metal Bulletin’s weekly export CIS Billet Index was $513 per tonne fob Black Sea on February 19, up from $498 per tonne fob. Buying activity was predominantly concentrated in the Turkish market. Early last week, CIS-origin billet was available to Turkish customers at $515-520 per tonne cfr. A cargo of Ukraine-origin billet was reportedly sold to the country within...


Vlada Novokreshchenova

February 19, 2018

15:52 GMT