CIS STEEL BILLET: Bookings limited on offer-bid mismatch

Buying activity in the CIS export billet market was rather limited at the beginning of March amid a mismatch between producers’ offers and customers’ bids.

CIS producers were insisting on offering at $450-460 per tonne fob Black Sea, customers in North Africa and Turkey were looking for $440 per tonne fob Black Sea and below, while customers in Southeast Asia and the Middle East were ready to pay $450 per tonne fob Black Sea. “I’m getting bids for billets in the Middle East and Southeast...

Published

Vlada Novokreshchenova

March 04, 2019

17:05 GMT

Dnepr