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 offers for billet from the Commonwealth of Independent States picked up again by the end of the week amid positive sentiment in the market. Import scrap prices in Turkey have continued to grow, and – along with an expected rise in semi-finished and long steel prices in China after the Lunar New Year holidays […]
CIS flat steel export market was slow during the week to Monday January 11 because suppliers had just returned from holidays, although the general market mood was positive, sources told Fastmarkets.
The domestic rebar market in Russia was calm in the week ending January 11, and market activity has been slowly improving since the holidays.
The domestic flat steel market in central Russia around Moscow calmed down after the New Year holidays.
The CIS billet export market is quiet this week and most manufacturers are on holiday.
The market for exports of long steel products from CIS countries has been calm in the week ending January 4.
The Russian government is considering export duties on rebar and billets to counter the sharp rise in domestic prices.
Bids on the market for exports of long steel products from CIS countries rose in the week ending December 21.
The price of the CIS export ticket through the Black Sea continues to rise on December 22.
Turkey continues to be the main driver of price growth in the CIS export billet market, given that buyers are mainly interested in buying semi-finished products.