CIS STEEL BILLET: Export prices fall in response to reduced trading activity

CIS suppliers are to reduce their export billet offers by the end of the week, due to a lack of trading activity in most sales outlets, sources told Fastmarkets on Thursday August 22.

A Russian producer was offering August rolling billet at $405 per tonne fob Black Sea, but there were no takers ready to accept this price.

A Ukrainian mill, shipping material from Azov Sea ports was offering billet at a price equivalent to $405 per tonne fob Black Sea, with customers placing bids at $395-398 per tonne fob Black Sea.


Vlada Novokreshchenova

August 22, 2019

17:05 GMT