CIS STEEL BILLET: Lack of demand hampers price rises

CIS billet producers failed to pass on higher prices to customers this week as demand in the major destinations was weak, Fastmarkets learned on Thursday October 31.

CIS-origin billet was offered within the range of $380-385 per tonne fob Black Sea. The material was mainly heard available from Russian mills, particularly Novorosmetal and Abinsk Electric Steel mill, which can ship material quickly as they are located near ports.
Ukrainian producers refrained from offering billet this week waiting for more market clarity.

Meanwhile, customers in the major buying outlets as...

Published

Vlada Novokreshchenova

October 31, 2019

14:59 GMT

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