CIS STEEL BILLET: Mills secure deals in North Africa, but buyers mainly cautious

CIS billet producers managed to secure several deals at higher prices in North Africa in the past few days, but most buyers have remained in wait-and-see mode since the start of November.

Ukraine’s Metinvest returned to the market in November and sold a 25,000-tonne billet cargo with increased manganese content to a buyer in Libya in the past few days at around $405-407 per tonne cfr, sources told Fastmarkets. The cost of freight was estimated at $27-28 per tonne and there...


Vlada Novokreshchenova

November 12, 2019

16:37 GMT