Billet exporters in the CIS reported no new offers from
producers or transactions for the semi-finished product as the
May Day holiday saw a slowdown in trading activity, they said
on Monday April 30.
Prices for billet sold into the Middle East and North Africa
were at $600-610 per tonne fob Black Sea early last week,
representing a $5 decrease from $605-610 the week before
High levels of demand from other regions have helped to keep
prices steady, however, a trader told Metal Bulletin.
"There has been a lot of demand in East Asia and Iran," the
He also believed mills might want to wait before making further
concrete offers, due to a more positive outlook.
"There is a feeling that the outlook is better," the trader
A Ukrainian trader noted that Donetsk-based Elektrostal had
confirmed offers of $605 per tonne fob, but Metal Bulletin had
not heard of any other offers at that level.