CIS export billet prices have soared in the past few days, supported by the sharp rise in the global scrap market. Customers in turn accepted higher prices amid expectations of further price increases in the week ahead, Fastmarkets heard on Wednesday February 6.
Fastmarkets' daily CIS export billet index was $442 per tonne fob Black Sea on Wednesday, up from $430 per tonne fob a day earlier.Several cargoes of CIS-origin billet were heard sold to North Africa and the wider African region within the range of $440-445 per tonne fob Black...