Ex-CIS billet prices show slight softening

Tuesday, 12 May 2009 12:08:56 (GMT+3)   |  

SteelOrbis has been informed that CIS mills are offering 3SP-5SP billets to the export markets in a price range of $370-380/mt FOB. CIS origin billet prices have shown a softening of $10/mt over the past week, due to the deterioration in finished steel demand from importers, in particular from those in Egypt, which has meant decreased demand for billet from the CIS.

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