CIS STEEL BILLET: Rising Chinese prices support CIS sellers

Export billet prices from the Black Sea basin were supported by rising buying prices for the material in Asia, particularly China, while neighboring markets remained weak, sources told Fastmarkets on Wednesday April 7.

They said the strong demand for imported billet in China, stemmed from the reduced availability of material in the domestic market, which was due to production cuts and surging finished long steel prices.
The imported billet price was also much more attractive to Chinese rerollers than domestic supplies, they added.



Vlada Novokreshchenova

April 07, 2021

17:02 GMT