A Saudi Arabia-based steel producer has recently closed a deal for ex-CIS square billet. The sides agreed on a 50,000 mt cargo to be shipped from Ukraine in November at the level of $380-385/mt CFR. Market players estimate the FOB price at $350-355/mt, while around 10 days ago $345/mt FOB was discussed again with Saudi Arabia. As a result, with the mentioned sale billet prices are considered to be firming up. Some more billet transactions might be seen shortly in Saudi Arabia as buyers might seek to replenish their stocks before prices go up further. However, low rebar demand locally limits the interest in billet purchases.
Ex-CIS billet price inches up in deal to Saudi Arabia
Anna Voloshenko
EditorHaving now over 14 years of experience in steel market analyses and price reporting, joined SteelOrbis in 2019 to head and manage the market intelligence department. Currently overlooking the price developments in the steel sectors of Turkey, MENA region, Europe and partly the CIS. The markets of flats, longs, steel slab and billet are among the current key responsibilities. I have a bachelor’s degree from Ukraine’s Dnipro National University, a master’s degree in the international trade and finance.
Marketplace Offers
Billet
Length
6 m
Edge Length1
100 - 150 mm
Edge Length2
100 - 150 mm
Tedarikçi
MODERN STEEL MILLS
Billet
Length
3 - 6 m
Edge Length1
100 mm
Edge Length2
100 mm
Tedarikçi
SHATTAF STEEL IND. CO. LLC.
Billet
Length
3 - 6 mm
Edge Length1
125 mm
Edge Length2
125 mm
Tedarikçi
SHATTAF STEEL IND. CO. LLC.
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