CIS STEEL BILLET: Market remains firm, supported by demand in China

Prices for steel billet exports from the Commonwealth of Independent States remained firm over past the week, supported by demand from China.

Having sold a significant part of their October allocations and even part of their November allocations to China in the week to September 3, CIS mills were mainly in wait-and-see mode and not hurrying to sell their remaining volumes.
Rare indications of offers were heard from suppliers within the range of $610-620 per tonne fob Black Sea, but most mills preferred to withdraw from the market and assess the situation.

“According to our assessments, China booked around 1 million tonnes of billet of various origins...


Vlada Novokreshchenova

September 17, 2021

17:49 GMT