Transaction prices for CIS-origin billet have gone down this week, with buyers continue to insist on lower prices, sources told Fastmarkets on Friday May 10.
Fastmarkets' daily CIS export billet index was $420 per tonne fob Black Sea on May 10, down by $2 per tonne day-on-day.A Ukrainian steelmaker was reported to have sold a significant volume of material to Asia at $420 per tonne fob Black Sea.Rumors of a sale of Ukrainian material to Egypt at a similar price have also been heard. This...