Fastmarkets’ daily steel billet index, export, fob Black Sea, CIS
, was calculated at $410 per tonne on Monday October 26, up by $4 per tonne day on day.
The recent uptick in import scrap prices in Turkey added to the bullish mood among suppliers.
Fastmarkets’ daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey
, was $282.42 per tonne on October 26, up from $279.59 per tonne cfr a week earlier.
Offers of billet from Russian and Ukrainian mills were heard within the range of $418-425 per...