Export billet prices from the CIS region continued to climb early this week due to the reduced availability of material amid massive sales in the previous week as well as due to higher raw materials prices in the global market.
Fastmarkets' daily index for the CIS export billet price was $454 per tonne fob Black Sea on Monday February 11, up from $450 per tonne fob on February 8.A large cargo of Russia-origin billet was reported sold to the Gulf Cooperation Countries(GCC) region at $450 per tonne fob...