The export price for CIS steel slab surged during the week to Monday December 7 on new sales and a strong hot-rolled coil market, sources said.
*** CIS steel , price assessment for steel slab
Fastmarkets’ weekly price assessment for steel slab, export, fob Black Sea, CIS was $570-580 per tonne on December 7, up by $45 per tonne from $۵۲۵-۵۳۵ per tonne a week earlier.
CIS suppliers increased slab offer prices to the market to $600 per tonne cfr, or close to $585 per tonne fob, up from $525-535 per tonne fob a week before, citing strong hot-rolled coil (HRC) prices in Turkey.
Although, no sales were heard to this destination over the week. Sources believe the real market level appropriate for deals was at $570-580 per tonne fob.
Fastmarkets’ weekly price assessment for steel HRC, export, fob main port Turkey was $695-700 per tonne on December 4, rising from $655-665 per tonne on November 27 on limited supply to the export market. This was because mills were shipping as much material as possible to their local market, where demand is strong, market participants said.
Several sources said that in the near future, steel slab offers from the CIS will likely reach $600 per tonne fob.
*** CIS steel , Russia
One sale of Russia-origin slab was heard to have been done at about $580 per tonne fob Black Sea, while another sale of Russia-origin slab to the Asian market from Far Eastern ports was heard at $575 per tonne cfr, trading sources told Fastmarkets.
The price of steel billet from the Commonwealth of Independent States (CIS) exported via the Black Sea increased sharply this week on a deal heard to Peru, with offers rising amid a shortage of supply, Fastmarkets heard on Tuesday December 8.
The booking to Peru was heard at $520 per tonne fob Black Sea and was understood to have been concluded on December 7 for a volume of 10,000 tonnes, although this was not confirmed at the time of publication.
Offers from a Russian producer were heard at $520 per tonne fob Black Sea, with other regional offers heard at $525-530 per tonne.
Most suppliers were understood to be sold out for January and many had not yet announced offer levels for February material. These were expected to emerge later this week, at around $525-530 per tonne, although some traders expected to see offers as high as $540 per tonne.
The increase in billet prices from last week, when the highest deal heard was $501 per tonne fob, was largely because of a supply shortage. Producers were understood to be prioritizing the sale of other products such as pig iron, on which they were able to make better margins, unless billet prices were to increase substantially.
According to a Turkish buyer, a large tonnage was booked to the Middle Eastern country this week, but the price was not clear.
Turkish long steel prices were also going up this week. Rebar export prices were heard at $555 per tonne fob on Tuesday, compared with Fastmarkets’ latest assessment for steel reinforcing bar (rebar), export, fob main port Turkey, which was $530-535 per tonne on December 3.
Consequently, Turkish buyers were expected to be among the few viable outlets for Black Sea billet exporters.
Fastmarkets’ daily steel billet index, export, fob Black Sea, CIS, increased to $521 per tonne on Tuesday, up by $18 per tonne from $503 per tonne on Monday.
این مطلب بدون برچسب می باشد.