CIS STEEL BILLET: Lack of supportive factors pressures export prices lower still

CIS export billet prices continued fall this week, reflecting a lack of supportive factors in the market.

Fastmarkets MB’s daily CIS export steel billet index was $432 per tonne fob Black Sea on Wednesday December 5, a drop of $3 per tonne from yesterday. The increase in Chinese domestic long steel and billet prices early this week has not provided the expected support to prices in Asia - offers of Chinese billet are still available at $460 per tonne cfr, market participants...


Vlada Novokreshchenova

December 05, 2018

17:39 GMT