CIS STEEL BILLET: Mills stay bullish despite lack of demand

February 19, 2020 / www.metalbulletin.com / Article Link

CIS producers of steel billet remained bullish in the week to Tuesday February 18 because of the continuing rise in scrap import prices into Turkey, despite the lack of trading activity.

Offers of billet from Ukrainian and Russian mills were mainly heard within the range of $400-405 per tonne fob Black Sea at the beginning of this week, against $395-400 per tonne fob late last week.
Meanwhile, offers of position cargoes from traders were reported at $390-400 per tonne fob Black Sea.
"It seems like the market is not as firm as sellers make it look," one trader said.

"These are just numbers. Nobody can buy...

Recent News

A shift to the later stages of gold and silver bull markets

October 27, 2025 / www.canadianminingreport.com

Gold stocks plunge on metal drop

October 27, 2025 / www.canadianminingreport.com

Gold stocks still up after pullback late in the week

October 20, 2025 / www.canadianminingreport.com

US regional bank slump goes global, driving market into gold

October 20, 2025 / www.canadianminingreport.com

Gold stocks weaker but outperform slump in other sectors

October 13, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok