Iranian billet increased slightly in the week to Wednesday October 14, with traders accepting higher prices in the latest round of bookings.
The CIS steel billet in the export market was largely quiet in the week to Friday October 16 due to a mismatch between sellers’ and customers’ price expectations. *** CIS steel billet Offers of CIS steel billet were heard mainly within the range of $410-415 per tonne fob Black Sea, but some suppliers were seeking […]
Demand for billets at the GCC earlier this week boosted billet sellers in the CIS origin, leading to a shortage of deals in most markets.
The price of imported billets in Egypt has decreased with the offer price, while the price of rebar in the domestic market has increased.
Turkish steelmakers continued to buy scrap, supporting good demand for long steel products in the country.
Billet producers in Iran were able to achieve higher prices in the latest sales round.