1. CIS Billet price rise by $10-15/t
Suppliers of CIS Billet from Black Sea increase offers to $600-610/t cfr Southeast Asia. In domestic market, some deals concluded in the range of $590-600/t cfr in the last week of previous month.
According to traders, “looking at present market scenario, we feel offers might not sustain at current levels because prices of finished products is being quoted lower and market sentiments are negative”.
2. Billet production by Russian exporters might restart next
week.
3. Billet offers from Black Sea low due to weak demand.
4. North China Billet
market firm on low sales.
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