CIS STEEL BILLET: Mills stay bullish despite lack of demand

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...

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