Prices in the CIS export market for steel billet picked up in the week to Friday September 4 despite the lack of trading activity. Higher scrap prices seen in recent import transactions in Turkey, together with a reduced number of billet offers from CIS mills, supported the market.
Fastmarkets' daily steel billet index, export, fob Black Sea, CIS, was up by $4 per tonne day on day to $408 per tonne on September 4.Over the past week, only one cargo of 40,000 tonnes of Russian billet was heard...