Sentiment in the Commonwealth of Independent States export steel billet market was increasingly bullish on Tuesday December 1 due to tighter availability of material, sources told Fastmarkets.
Billet offers were still heard at $500-510 per tonne fob Black Sea from some Russian and Ukrainian suppliers, according to the market sources. But most producers were reportedly out of the market and reconsidering prices."Actually only ArcelorMittal Ukraine and Abinsk are at indicated [$500-510 per tonne fob] numbers today, which is of course exaggerated but maybe we will see such levels coming soon. Others...