12
May
17:08
CIS billet pushes for $750 fob
The Chinese billet import market remains hungry, with transaction prices for CIS material having reached $795/tonne cfr yesterday, indicating that regional billet may be priced even higher, market sources tell Kallanish.
A Ukrainian supplier sold a second June-casting cargo to China at $795/t cfr, netting back to around $740-745/t fob Black Sea, following a sale at $695/t fob just at the end of last week. This $50/t rise in four days is not the limit, however, tra…
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Anonymous
Very good overview of the weekly steel market.
Anonymous