CIS STEEL BILLET: Market firms as more customers accept higher prices

The CIS export steel billet market had become firmer by the end of the current week with more customers accepting higher prices, spurred by rising raw materials costs globally and continuing positive sentiment in China.

A large cargo of Ukrainian billet was reported sold to China at $415 per tonne cfr, equivalent to $370-375 per tonne fob Black Sea.
Deals from the Black Sea basin were rare in China in the week ended Friday July 17, despite rising bids from the destination and ample demand, because of increased freight costs.

Market participants reported freight costs from the Black Sea...


Vlada Novokreshchenova

July 17, 2020

19:55 GMT