CIS STEEL BILLET: Mills seek opportunities in Asia as sentiment weakens in west

Billet producers in the Commonwealth of Independent States (CIS) have started to seek sales opportunities in Asia, considering the weak sentiment in their traditional markets in the Middle East-North Africa (Mena) region.

A large cargo of Ukraine-origin billet was sold to South Asia at $440-445 per tonne fob Black Sea, Fastmarkets has learnt, which would be equivalent to $470-475 per tonne cfr. And a cargo of Russia-origin billet shipped from the country’s Far East ports was sold at $475 per...

Published

Vlada Novokreshchenova

April 12, 2019

19:53 GMT

Dnepr