The export steel billet price from the Commonwealth of Independent States (CIS) region jumped again on Wednesday May 12, this time by $45 per tonne following Tuesday's $37-per-tonne increase, after customers in Latin America and China accepted higher levels in fresh deals.
Fastmarkets' daily steel billet index, export, fob Black Sea, CIS rose to $725 per tonne on Wednesday, from $680 per tonne a day earlier and compared with $621 per tonne a week ago.A producer reported selling a 20-30,000 tonne cargo of Ukraine-origin billet to the Dominican Republic at 715 per tonne fob...