Export billet prices from the Commonwealth of Independent States region strengthened week on week, supported by rising prices in the scrap segment and the revival of customer interest, particularly in North Africa.
A cargo of CIS-origin billet was reported sold to Tunisia in the middle of the week at $425 per tonne cfr, which would net back to $400-402 per tonne fob Black Sea, according to market sources.A cargo of Ukraine-origin billet to be shipped from the Sea of Azov was also reported sold at $395 per tonne fob, which would be equivalent to $400 per tonne fob Black Sea if normalized, but the final destination for the cargo could not...