CIS STEEL BILLET: Market firm but may fall on cheaper scrap costs

CIS export billet prices remained largely unchanged in the week ended Monday April 16 amid reduced buying activity in the major outlets.

Some market participants expected more price declines in the near term, because of the uncertainty in the scrap market. “The market [for steel billet exports] will soon fall to $505 per tonne fob Black Sea,” one trader said. Meanwhile, some sources expected the market to show signs of recovery, referring to good demand for rebar from Turkey at a price of $565-570 per tonne fob. “There is demand for...

Published

Vlada Novokreshchenova

April 16, 2018

15:42 GMT

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