CIS STEEL BILLET: Prices soften slightly after China exits market for holiday

October 05, 2021 / www.metalbulletin.com / Article Link

The Commonwealth of Independent States' billet export market softened somewhat after the Chinese market, which has been rendering most of the support to billet sellers, left for a weeklong national holiday that ends on Thursday October 7.

China's interest in imported billet started to fall by the end of last week.
The latest sale of a Ukraine-origin cargo was heard done in the middle of the last week at $705 per tonne cfr, which nets back to $600-605 per tonne fob Black Sea.

Without the support of Chinese suppliers, CIS producers will either have to take a wait-and-see position...

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