CIS STEEL BILLET: Mills raise offers on positive sentiment but trading turns quiet

Export offers for billet from the Commonwealth of Independent States picked up again by the end of the week amid positive sentiment in the market.

Import scrap prices in Turkey have continued to grow, and - along with an expected rise in semi-finished and long steel prices in China after the Lunar New Year holidays - was the main factor for the optimistic mood of CIS suppliers.
Fastmarkets’ daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey was calculated at $413.63 per tonne on Thursday February 18, up by $9.32 per tonne from Wednesday.

And the daily index for steel scrap, HMS 1&2 (80:20 mix), United States origin, cfr Turkey was $418 per tonne on the same day, up by $9.31 per tonne.
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Published

Vlada Novokreshchenova

February 19, 2021

16:10 GMT

Dnipro