Fastmarkets’ daily steel billet index, export, fob Black Sea, CIS
, was $380 per tonne on Friday November 15, up by $5 day-on-day.
A Russian mill sold a cargo of billet to Turkey through a trader this week at $393 per tonne cfr, sources told Fastmarkets. According to various assessments, this would be equivalent to $378-382 per tonne fob Black Sea.
Turkish customers accepted the higher prices amid rising import scrap costs.