Strong interest in imports of steel billet among Chinese customers supported a further uptick in the CIS export billet price in the week to Wednesday April 28.
A cargo of around 40,000 tonnes of Ukraine-origin billet was reported sold to China at $655-660 per tonne cfr early this week, Fastmarkets heard. Market participants said that the price would be equivalent to $605 per tonne fob Black Sea.Bullish sentiment amid Chinese customers was due to the surge in the country's domestic rebar prices on Monday amid vibrant trading...