CIS STEEL BILLET: Market turns quiet on weaker demand in Latin America, Asia

The export market for steel billet in the Commonwealth of Independent States became quiet early in the week to Tuesday April 20, with limited numbers of inquiries coming from the majority of outlets.

“There is no demand and there are no offers for the moment,” one trading source said, adding that demand from Latin America and Asia was covered by last week’s deals.

Several cargoes of Ukraine-origin billet were reported sold last week to the Dominican Republic and Brazil at $650 and $645-650 per tonne cfr respectively.

Another large cargo of Ukrainian billet was sold to the Philippines at $650 per tonne cfr.

Considering the costs of freight and extra payments for chemistry, the price for basic-grade material...

Published

Vlada Novokreshchenova

April 20, 2021

17:50 GMT

Dnipro