CIS STEEL BILLET: Mills look for support beyond nearer markets

April 17, 2021 / www.metalbulletin.com / Article Link

Billet producers in the Commonwealth of Independent States selling material from the Black Sea basin continued to look for support outside nearer markets because buying activity there was limited by unfavorable market conditions.

"Turkish customers practically give no bids," one trading source said, adding that softening scrap prices led to the negative sentiment in Turkish market.
Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey was calculated at $423.27 per tonne on Friday April 16, down by $0.02 day on day.
"The domestic market is not good in Turkey because of Ramadan [April 13-May 12]," a local re-rolling source told Fastmarkets.

"Import activities are limited,"...

Recent News

Market sees gold sector nearing full value overall after target upgrades

August 18, 2025 / www.canadianminingreport.com

Gold stocks gain even as metal pulls back

August 18, 2025 / www.canadianminingreport.com

Gold stocks rocket to new highs, valuations no longer inexpensive

August 11, 2025 / www.canadianminingreport.com

Tariff issue caused by potential definition change of traded gold bars

August 11, 2025 / www.canadianminingreport.com

US BLS head removed after revisions to employment data

August 04, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok