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.
Export slab prices from the Commonwealth of Independent States (CIS) strengthened as of mid-June after sellers believed in the potential to sell material at higher prices in some markets, sources told Fastmarkets.
Export wire rod prices from the Commonwealth of Independent States changed in a variety of ways in the week to Monday June 14 with the trading situation being different from market to market.
The export market for flat-rolled steel products from the Commonwealth of Independent States was firm but calm during the week to Tuesday June 15 after large buyers had already restocked, sources said.
The evaluation of the sheet market in the global market shows that this area has reached a price stabilization. We are unlikely to see price increases in steel sheet transactions in the global market. We are in a situation where the global sheet market can also set prices for slab rates. Therefore, the price of slabs in the world market will be stable.
The steel rebar price in Russia's Central Federal District around Moscow was largely unchanged over the past week, with market participants believing the price has touched a ceiling and not expecting further rises.
Export prices for wire rod and rebar from the Commonwealth of Independent States (CIS) were broadly unmoved in the week to Monday June 7, with trading activity to key destinations remaining weak, sources told Fastmarkets.
Prices for CIS-origin billet changed little over the week ended Friday June 4 amid a lack of trading activity, with the number of deals limited by a mismatch between offers and bids.
Domestic prices for flat steel products in Russia’s Central Federal District around Moscow were stable or slightly higher in the week to Tuesday June 1, despite shaky sentiment concerning exports, with prices supported by short availability, Fastmarkets has heard.
A lack of trading activity continued to put pressure on the Commonwealth of Independent States (CIS) export billet market in the week to May 26, sources said.Chinese customers - the major buyers of CIS-origin billet of late - remain inactive due to falling domestic billet and rebar costs while CIS producers had a limited number of places they could sell their billet, market participants told Fastmarkets.
The export price for CIS-origin steel billet rose by 1.16% day on day on Friday May 21 after sellers switched to nearer markets such as Africa and Turkey in the absence of Chinese customers.