CIS STEEL BILLET: Higher offers push prices upward, but demand still low

September 10, 2020 / www.metalbulletin.com / Article Link

Steel billet producers in the Commonwealth of Independent States continued to raise their offer prices for foreign customers in the week ended Wednesday September 9 following the recent uptick in Turkish import scrap prices.

On Tuesday, Turkish import scrap prices exceeded $300 per tonne on the strength of the rebar and billet markets.
A steel mill in the Marmara region booked a Baltic Sea cargo, comprising HMS 1&2 (80:20) at $302 per tonne, shredded at $307 per tonne and bonus at $312 per tonne cfr late on September 7.

Another steel mill in the Iskenderun region also booked a Baltic Sea cargo of 17,000 tonnes of HMS 1&2 (95:5)...

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