Russia, world’s largest exporter of billet from CIS nations and has been actively involved in the exporters market. According to the fresh released data by Russia’s custom, the billet exports from the nation decline by around 5% Y-o-Y in CY17.
As per assessment, the recent SteelMint’s statistics report showed, the nation has exported around 14.38 MnT billet in the calendar year 2017 against 15.16 MnT in 2016, decline by 5.14% Y-o-Y after continuous rise since 2014. Prior to this, in CY15 (Jan-Dec) the billet export was stood at 14.64 MnT.
Higher export offers over rising coal prices resulted decline in billet exports from Russia. It was also noticed that in the fourth quarter of CY16, Coking coal offers rise upto USD 310-320/MT, FoB Australia (Premium HCC).
While in the month of Dec’17, Russia’s billet exports are reported at 1.38 MnT against 1.27 MnT in Nov’17, surge by 8.66% M-o-M. Prior to this, on M-o-M in Nov’17 it decreased about 2.30% against 1.30 MnT in Oct’17. On yearly premises, billet exports decline by 4.82% in Dec’17 against 1.45 MnT in Dec’16.
Unload Countries: Taiwan has imported approximately 18% (0.24 MnT) billet from Russia in Dec’17. Inline, Mexico (16.66%), Turkey (14.50%) and Belgium (10.14%) attributed to the major exports by Russia with 0.23 MnT, 0.20 MnT and 0.14 MnT respectively.
In the calendar year of 2017, Taiwan remained the prime spot for Russian exports. Out of 14.38 MnT exported billet, Taiwan imported around 23% of the quantity which stood at 3.23 MnT, followed by Turkey remained second largest importer of Russian billet and imported around 2.30 MnT which is 16% to total billet exports.
In context to export prices, the export offers of 150*150 IS 2830 grade billet are currently at USD 520-530/MT FoB India, 125*125 3SP at USD 510-520/MT FoB Ukraine & 125*125 are at USD 510-520/MT CNF Turkey.
Leave a Reply