CIS export billet prices continued to climb in the week ended Monday March 5, supported by strong demand in most sales outlets as well as reduced availability of material and rising scrap costs.
Metal Bulletin's export CIS Billet Index was $534 per tonne fob Black Sea on March 5, up by $14 per tonne week-on-week. This took the index to its highest value since January 2013, according to Metal Bulletin's price archive.Early last week, several cargoes of Ukraine-produced billet were...