CIS STEEL BILLET: Lower scrap costs, higher freight pressure billet

Billet producers from the Commonwealth of Independent States (CIS) faced some pressure from lower scrap costs and growing transportation prices this week, sources said on March 10.

CIS-origin billet was available to foreign customers at $590-600 per tonne fob Black Sea this week, unchanged from a week earlier.
If last week a number of sales were heard done to Turkey, this week trading activity was minimal with customers preferring to wait and see in the current market conditions, sources said.

Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20...

A shift to the later stages of gold and silver bull markets

Gold stocks plunge on metal drop

Gold stocks still up after pullback late in the week

US regional bank slump goes global, driving market into gold

Gold stocks weaker but outperform slump in other sectors