Billet producers in the Commonwealth of Independent States (CIS) have started to seek sales opportunities in Asia, considering the weak sentiment in their traditional markets in the Middle East-North Africa (Mena) region.
A large cargo of Ukraine-origin billet was sold to South Asia at $440-445 per tonne fob Black Sea, Fastmarkets has learnt, which would be equivalent to $470-475 per tonne cfr.And a cargo of Russia-origin billet shipped from the country's Far East ports was sold at $475 per...