CIS STEEL BILLET: Price jumps following sales to Turkey

The Commonwealth of Independent States' (CIS) billet export prices increased following a couple of Black Sea cargoes reportedly sold to Turkey, sources told Fastmarkets on Monday October 18.

A 10,000-tonne cargo from Russia was reportedly sold to Turkey at $650 per tonne fob late last week, several sources told Fastmarkets.
Another billet cargo of around 20,000 tonnes was sold from Ukraine to Iskenderun, Turkey at $720 per tonne cfr, which would net at about $665-670 per tonne fob.

But the billet cargo was for wire...

Mixed outlook for gold as it remains range bound for past three months

Gold stocks down on flat metal price

Gold stocks down on metal decline

Huge quantifiable rise in geopolitical, economic and trade risks

Platinum clearly ahead of palladium for first time in seven years