CIS STEEL BILLET: Prices rise on limited supply, further rises problematic

Export prices for steel billet from the Commonwealth of Independent States continued to climb over the week ended Wednesday July 29, with offers from mills being limited by the ending of the month.

The CIS export prices gained further support from rising import scrap costs in Turkey.
The index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, was calculated at $270.82 per tonne on Wednesday, up by $6.40 per tonne day on day.

And the corresponding daily index for steel scrap, HMS 1&2 (80:20 mix), United States origin, cfr Turkey, was $276.41 per tonne on July 29, also up by $6.40 per tonne day on...

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