Support from cost side weakens for CIS billet export offers

Wednesday, 04 September 2013 16:03:29 (GMT+3)   |   Istanbul
According to market sources, ex-CIS billet offers have remained stable since last week at $500-510/mt FOB. Growing expectations for downticks in scrap prices have weakened the cost support for billet offers, while billet inventories in the global markets have remained on the high side.   

On the other hand, CIS billet offers to Turkey are in the range of $515-520/mt CFR, while Turkish buyers have postponed their purchases for the moment as they are waiting for prices to soften.

Weekly price movements of different steel products in major markets can be viewed comparatively in the SteelOrbis Historical Steel Prices section. Market trends can thus be seen more clearly, while desired charts can be created and used in reports or presentations.   


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Marketplace Offers

Scrap
Ferrous
AHMAD ALI HUSSEIN KHALIFEH SONS. CO.
Scrap
Non Ferrous Scrap
AHMAD ALI HUSSEIN KHALIFEH SONS. CO.
Scrap
Ferrous Scrap
MEH ZRT. RECYCLING