The gap between offers and bids in the export market for steel billet in the Commonwealth of Independent States (CIS) started to widen this week, with mills gradually trying to increase offers on reduced material availability.
New offers were heard within the range of $405-415 per tonne fob Black Sea, depending on the mill and shipment time.Mills offering material for late-February and March shipments were targeting $405-410 per tonne fob, while those which...