CIS-based billet exporters keep their prices unchanged

Thursday, 19 April 2018 15:11:16 (GMT+3)   |   Istanbul
       

The uncertainty resulting from the recent proliferation of protectionist measures and investigations continues to prevail in the international steel market, and is reflected also in the billet sales of CIS-based exporters as buyers are concluding purchases only in line with their needs. Having started to fall at the end of March, ex-CIS billet prices have moved sideways week on week at $500-520/mt FOB supported by the upward movement of Chinese billet export quotations, despite lower global scrap quotations and the weakness of billet demand.

Ex-CIS billet offers to Turkey and Egypt, CIS-based billet exporters’ main markets, have also remained stable over the past week at $520-535/mt CFR and $520-540/mt CFR, respectively. SteelOrbis has also been informed that the demand received from these markets by CIS-based billet exporters is not significant.

 


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