CIS STEEL BILLET: Limited availability drives prices up again

CIS export steel billet prices continued to strengthen early this week after a fresh sale and on limited availability of August-rolling volumes, Fastmarkets heard on Wednesday July 22.

Rare offers from CIS mills were heard within the range of $380-385 per tonne fob Black/Azov Sea ports early this week. This was up from $375-385 per tonne fob late last week.
Some Russian producers, however, increased offers up to $400 per tonne fob by the middle of the week, citing high demand for long steel products in their home market and reduced availability of August-rolling volumes in the region.

But the price of $380-385 per tonne fob was said...


Vlada Novokreshchenova

July 22, 2020

19:08 GMT