08
Jun
17:16
CIS billet drifts up in tight market
CIS billet prices have plateaued in the past week as demand from Europe accelerated somewhat, and scrap indications have risen in major Western markets.
Demand from Europe is circling $680-710/tonne cfr depending whether in the south or north of Europe, in line with Moroccan interest at $710/t cfr for non-duty paying origins, such as Turkey and the EU. Selling to the EU, CIS producers' fob Black Sea price nets back to around $645-675/t in direct sales, and les…
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Anonymous
Very good overview of the weekly steel market.
Anonymous