Prices in the Black Sea billet export market picked up by $9 per tonne over the week ended Monday May 14 with customers accepting higher prices from CIS-region suppliers, Metal Bulletin has learnt.
The fact that the US threatened last week to reimpose international trading sanctions on Iran, which may result in reduced billet export volumes from the Middle Eastern country, gave additional support to the CIS steelmakers' position.Metal Bulletin's CIS billet export index was $520 per tonne fob...