CIS STEEL BILLET: Mills stick to December offers on reduced availability, higher scrap prices

CIS billet producers continued to insist on the prices that were offered to foreign customers earlier this month for December-rolling material, despite the lack of trading activity this week, Fastmarkets learnt on Friday November 8.

The material was available mainly from Russian mills for around $380 per tonne fob.
Meanwhile, most Ukrainian mills were absent from the market. Three mills - Dneprovskiy Dzerzhinsky Metallurgical Plant (DMKD), Dnipro Metallurgical Plant (DMP) and Elektrostal - have idled parts of their facilities because of this year’s unfavorable pricing environment.

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Vlada Novokreshchenova

November 08, 2019

16:20 GMT