Fastmarkets’ daily steel billet index, export, fob Black Sea, CIS
, was $408 per tonne on January 16, unchanged day on day.
A 50,000-tonne cargo of Ukrainian special-grade billet was sold to Saudi Arabia at $442 per tonne cfr. Considering the freight rate of $30-32 per tonne and a $5 per tonne extra payment for the specific chemistry, a normalized price would net back to $405-407 per tonne fob Black Sea.
Another Ukrainian mill at the same time sold a cargo of billets to Latin America at...