CIS STEEL BILLET: Fresh booking, China optimism support further price rise

Export prices for steel billet from the Commonwealth of Independent States (CIS) continued to rise over the week to Monday July 13, supported by a fresh sale and a positive mood in China.

A cargo of Ukraine-origin wire rod-quality billet was reported sold to the Mediterranean Sea basin at $373 per tonne fob Black Sea late last week, Fastmarkets has learnt.

The price for wire rod-quality material is traditionally at a premium of several dollars per tonne over standard grade. But in the current conditions of...


Vlada Novokreshchenova

July 13, 2020

19:10 GMT