CIS STEEL BILLET: Mills push offers up on support from scrap, iron ore prices

CIS billet producers started to indicate offer prices for March-rolling billet early in the week beginning Monday January 28, pushing prices further upward.

A few offers of March-rolling billet from Russia and Ukraine were heard at $430-435 per tonne fob Black Sea, compared with $415-420 per tonne fob last week, supported by strengthening prices for scrap and iron ore. “We have not offered much March-rolling billet but, for those who ask, we will give $435 per tonne fob Black Sea,” a Ukraine-based producer said. Another producing source from...

Published

Vlada Novokreshchenova

January 28, 2019

18:04 GMT

Dnepr