CIS STEEL BILLET: Mills keep offers high despite limited trading

CIS steel billet producers have continued to offer material to foreign customers at rather high prices, with support from the global uptrend in the long steel markets, Fastmarkets heard on Tuesday November 3.

In any case, the producers were in no hurry to sell-out volumes scheduled for shipment in January.
For their part, customers in the majority of export destinations considered the current offers to be too high, and preferred to wait for a clearer market trend to emerge.
Offers from some of the major mills in Ukraine and Russia were heard no lower than $420 per tonne fob Black Sea. Some suppliers were offering at prices as high as $425 per tonne fob.

Customers in the traditional destinations such as Turkey,...

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