Prices in the CIS steel billet export market climbed in the week to Thursday October 17 amid reduced availability following last week's sales to the Middle East and Asia (including to China).
Fastmarkets' daily steel billet index, export, fob Black Sea, CIS, was $360 per tonne on October 17, up by $5 per tonne day on day.Last week, at least one cargo CIS-origin billet was reported sold to Turkey last week at $365-$370 per tonne cfr, equivalent to around $350-355 per tonne fob Black Sea.A 25,000-tonne Russian cargo sold at around $355 per tonne fob Black Sea was split between several customers in Africa, sources said.Another...