Prices rose in the Commonwealth of Independent States' export billet market in the week to Wednesday July 7 on limited offers from major suppliers and high deals in the week, sources told Fastmarkets.
Market participants reported offers from Ukrainian mills at $650 per tonne fob Black Sea, up from $630-640 per tonne one week previously.
Russian mills, particularly large mills, held back on exporting ahead of the introduction of Russia's export duty on August 1.
The Russian government has
approved temporary export duties on 340 steel and non-ferrous metals sold outside the Eurasian Economic Union (EAEU), which are set to take effect from August 1 and will last until December 31, according to an official government decree.
The duty's base rate...