CIS steel billet producers continued to increase their offer prices for foreign customers on Monday July 1, following the recent surge in import scrap prices in Turkey and iron ore prices in China.
This pushed up Fastmarkets' daily CIS export billet index to $420 per tonne fob Black Sea on Monday, against $415 per tonne fob on June 28.Offers of Russian billet were heard in the market within the price range of $425-430 per tonne fob Black Sea.Some sources on the customers' side considered these offers to be too high,...