CIS export billet prices increased on Tuesday June 2, with China resuming bookings and accepting higher prices, sources told Fastmarkets.
The increased cost of iron ore, an upswing in China's domestic rebar market and production cuts planned in Tangshan province supported interest in imported billet.Fastmarkets' daily index for iron ore 62% Fe fines, cfr Qingdao was $101.32 per tonne on June 2, up by $0.87 per tonne day on day and by $6.04...