13
Apr
16:53
CIS billet hits $600 on Asian demand explosion
In the two weeks since CIS Black Sea billet prices became workable in China, albeit with no sales due to freight rate volatility, prices have continued to rise, back to the $600/tonne fob peak. This time participants are confident this level will be achieved and exceeded, they tell Kallanish.
China's demand is hot with rebar prices reaching historical highs, producing multiple billet import enquiries to all exporting destinations, including the CIS. Regional s…
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Anonymous
Very good overview of the weekly steel market.
Anonymous