CIS STEEL BILLET: Price surges further on rising raw materials costs

The CIS export price for steel billet continued to move upward at the start of the week beginning on Monday February 4, with mills pushing offers higher amid a global rise in raw materials prices.

Offers of March-rolling billet from Russian and Ukrainian mills were heard within the range of $435-440 per tonne fob Black Sea, up from 430-440 per tonne fob at the end of last week. The rise in global scrap and iron ore prices was the major supporting factor. Scrap prices surged on tight...


Vlada Novokreshchenova

February 05, 2019

11:42 GMT