Ex-CIS billet prices remain unchanged

Thursday, 01 June 2017 14:30:20 (GMT+3)   |   Istanbul
       

It is observed that buyers in Turkey and the Middle East region - CIS-based billet suppliers' main export markets - have slowed down their purchases with the influence of Ramadan, causing demand for ex-CIS billet in these markets to decline compared to previous weeks. Meanwhile, ex-CIS billet export prices have remained unchanged during the past week with the support of the sideways movement of scrap prices and are still at $390-410/mt FOB.
 
Additionally, ex-CIS billet offers to Turkey and Egypt are still standing at $410-430/mt CFR and $410-415/mt CFR, respectively. On the other hand, buyers in Turkey and Egypt are continuing their price inquiries for billet from the CIS region, though they mostly prefer to maintain a wait-and-see stance.

Similar articles

Turkey’s Kardemir issues planned sales volumes for April-June

22 Mar | Steel News

Iran’s steel exports up 7.6 percent in first 11 months of Iranian year

20 Mar | Steel News

Ex-Turkey official merchant bar prices soften

01 Mar | Longs and Billet

Ex-China billet most competitive in SE Asian billet market amid lower futures prices

22 Feb | Longs and Billet

Italy’s Feralpi Group to meet construction sector’s carbon-reduced rebar demand

20 Feb | Steel News

Local Indian rebar trade prices improve slightly, but fundamentals still negative

20 Feb | Longs and Billet

India’s RINL floats export tender for 15,000 mt of rebar for April delivery

20 Feb | Longs and Billet

India’s RINL floats export tender for 30,000 mt of billet

20 Feb | Longs and Billet

China comes back from long holiday with mixed signals

19 Feb | Flats and Slab

Billet offers in SE Asia limited, fall of around $5-10/mt expected from next week

15 Feb | Longs and Billet