Prices in the Commonwealth of Independent States (CIS) export steel billet market continued to climb on support from demand in Latin America while momentum in China slowed down, sources told Fastmarkets.
"Everyone in the CIS is now offering [billet] at a minimum of $600 per tonne fob Black Sea," one trader said.A number of market participants reported 60,000 tonnes of Ukraine-origin billet being sold to Latin America at $650 per tonne cfr, which...