CIS STEEL BILLET: Price jumps on new booking to Peru, higher offers

The price of steel billet from the Commonwealth of Independent States (CIS) exported via the Black Sea increased sharply this week on a deal heard to Peru, with offers rising amid a shortage of supply, Fastmarkets heard on Tuesday December 8.

The booking to Peru was heard at $520 per tonne fob Black Sea and was understood to have been concluded on December 7 for a volume of 10,000 tonnes, although this was not confirmed at the time of publication.

Offers from a Russian producer were heard at $520 per tonne fob Black Sea, with other regional offers...

Published

Ross Yeo

December 08, 2020

17:05 GMT

London