Demand for CIS-origin billet mainly came from the Gulf Co-operation Council (GCC) region this week, sources told Fastmarkets Friday May 1.
By the end of the week, Fastmarkets had heard of three deals to the region, with the latest being a 50,000-tonne billet cargo sold to a customer in Saudi Arabia at around $360 per tonne cfr (or $335 per tonne fob Black Sea, excluding freight costs and an extra payment because of its non-standard chemistry and increased manganese content).Earlier in the week, a similar cargo from...