Fastmarkets’ daily steel billet index, export, fob Black Sea, CIS
, was $356 per tonne on September 19, unchanged day-on-day but down by $7 per tonne since the beginning of the week.
A deal for Russia-origin billet was reported to be done to Egypt at $355-360 per tonne fob Black Sea. Offers for CIS-origin material to the country were heard at the same level.
Egyptian buyers were reluctant to make new deals due to uncertainties related to the possible introduction of safeguard duties.