CIS billet offers for foreign customers surged on Tuesday December 10, following the increase in scrap prices in the global market.
Offers for CIS-origin billet, particularly from Russia, were within the range of $405-415 per tonne fob Black Sea, depending on the producer, up from $400 per tonne fob last week. Some steelmakers were offering material at $410 per tonne fob even last week,...