CIS STEEL BILLET: Mills reluctant to accept lower bids

CIS producers of steel billet have kept their offer prices stable despite mounting downward pressure from the poor international scrap trading environment and limited demand, market sources told Fastmarkets on Friday September 20.

Fastmarkets’ daily steel billet index, export, fob Black Sea, CIS, was $357 per tonne on September 20, compared with $356 per tonne a day earlier.

Steelmakers have been offering the material at $360-365 per tonne fob Black Sea,...


Maria Tanatar

September 20, 2019

18:27 GMT