Russian steel billet price falls on scrap downtrend, caution in demand

Export steel billet prices from Russia tumbled over the week to Wednesday June 22 under pressure from a softening scrap market and cautious buying in the few markets that were still willing and able to trade in material of this origin.

Fastmarkets’ calculation of its daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, fell to $328.70 per tonne on Wednesday, down by $23.70 per tonne...


Vlada Novokreshchenova

June 22, 2022

15:38 GMT