CIS export prices for steel billet inched upward on Monday October 19 amid higher costs for steelmaking raw materials, particularly scrap, Fastmarkets has heard.
Fastmarkets' daily steel billet index, export, fob Black Sea, CIS, was calculated at $410 per tonne on Monday, up by $2 per tonne from Friday.Market participants reported offers within the range of $415-420 per tonne fob Black Sea, against $410-415 per tonne fob last week. The uptick was attributed to the increase in...