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.   

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

Similar articles

Softer scrap prices exert pressure on CIS billet market

Where will ex-CIS billet prices head to after holidays?

Ex-CIS billet offers revised for January outputs

CIS billet sales to Middle East remain strong

CIS billet export offers

Demand for ex-CIS billet starts to improve

How will tight supply and raw material prices affect ex-CIS billet offers?

Scrap price trend likely to shape CIS billet export offers

CIS billet export offers supported by scrap prices

Import scrap prices in Turkey contribute to trend of ex-CIS billet offers