CIS STEEL BILLET: CIS mills look beyond China for higher prices

Exporters of steel billet from the CIS have managed to secure deals at higher prices outside China, where trading activity has been concentrated recently.

Fastmarkets' daily steel billet index, export, fob Black Sea, CIS, was $347 per tonne on Tuesday May 12, up by $2 from May 7.
A 10,000-tonne cargo of Ukraine-origin billet was reported sold to Italy at $350 per tonne fob Black Sea.

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