The Commonwealth of Independent States' (CIS) billet export prices increased following a couple of Black Sea cargoes reportedly sold to Turkey, sources told Fastmarkets on Monday October 18.
Magnitogorsk Iron & Steel Works (MMK), one of Russia's largest steelmakers, has also entered into decarbonization projects and reported significant progress. Environmental protection is slowly taking shape in the hearts of mining and steel companies. In this note, we will refer to the fast market report of the company's actions
The export pig-iron market from the Commonwealth of Independent States was firm during the week to Thursday September 30 on reduced trading activity.
Prices for export billet from the Commonwealth of Independent States (CIS) decreased on Tuesday September 28 after lower offers were heard in the market.
Export slab prices from the Commonwealth of Independent States (CIS) region continued to fall toward the end of September. Mills had to make significant concessions to conclude deals in major export outlets due to the continuous weakening of finished flat-steel prices there.
CIS billet exporters saw some signs of support from China as the country’s long-steel market opened stronger after the Mid-Autumn Festival ended on September 21.
Prices for steel billet exports from the Commonwealth of Independent States remained firm over past the week, supported by demand from China.
Export prices for flat steel products from the Commonwealth of Independent States fell again in the week to Monday September 13, with soft demand in its traditional overseas markets leading suppliers to seek alternative outlets.
The export market for steel hot-rolled coil from the Commonwealth of Independent States went down during the week ended Monday September 6 on low demand because buyers were cautious about possible further price drops.
Export rebar and wire rod prices from the Commonwealth of Independent States (CIS) region continued to decrease in the week to Monday September 6, pressured by competition with Turkish mills, sources told Fastmarkets.