The CIS export billet market started May with no major price changes, mainly due to the May holiday lull in seller countries, but also because most producers sold all their May-rolling volumes in April.
Several offers were heard as high as $430 per tonne fob Black Sea, but sources said the workable price was $420-425 per tonne fob, the level at which recent bookings were done.A 30,000-tonne cargo of Ukrainian billet scheduled for shipment in early June was sold to North Africa at $442 per tonne cfr last week, equivalent to $420-425 per tonne fob Black Sea, sources told Fastmarkets.The...