CIS STEEL BILLET: Market softens further amid virus uncertainty

Negative sentiment prevailed in the export billet market in the Commonwealth of Independent States amid a lack of clarity over the impact of the novel coronavirus (2019-nCoV) pandemic, market sources said.

CIS billet was available to customers mainly at $390-393 per tonne fob Black Sea early this week, down from $395-400 per tonne early last week and mills were ready to negotiate. Most customers showed no interest in material, however, despite discounts.

Demand for finished long steel in the...

Published

Vlada Novokreshchenova

March 16, 2020

16:50 GMT

Dnepr