Prices in the market for steel billet exports from the Commonwealth of Independent States (CIS) continued to soften in late April, with some cargoes heard sold to customers in the Middle East with discounts.
A large cargo of Ukraine-origin billet was reported sold to Saudi Arabia for around $360 per tonne cfr. According to various sources, the cost of freight would vary within the range of $20-25 per tonne, compared with around $30 per tonne previously.Another smaller cargo from the same mill was sold to the United Arab...