CIS STEEL BILLET: Fresh sales to China make prices surge

CIS exporters of steel billet have continued to enjoy strong demand from China over the week to Thursday May 21. Suppliers have been concentrating most of their efforts on this market recently because Chinese customers have been paying the highest prices.

Around 40,000 tonnes of Ukraine-origin billet scheduled for shipment in July were reported sold to China at $393 per tonne cfr, equivalent to $363 per tonne fob Black Sea.
This was up by $8 per tonne from the price in previous bookings from the CIS region.

There was also information circulating in the market about...

Published

Vlada Novokreshchenova

May 21, 2020

16:22 GMT

Dnepr