The price of steel billet from the Commonwealth of Independent States (CIS) exported via the Black Sea jumped on a deal heard to the Gulf Co-operation Council (GCC) while some producers withdrew from the market due to the holiday period and on expectations prices would move even higher in January, Fastmarkets heard on Tuesday December 29.
The booking for Ukraine-origin billet was heard to Qatar at $610 per tonne fob Black Sea and is understood to have been done late last week for a volume of 20,000 tonnes, although it was not clear at the time of publication if the...