Producers of Billet in the CIS are offering the material at higher prices due to good demand at offers standing in the range of $505-510/MT FOB earlier.
Billet offers gain $10-15/MT and are currently standing at $520/MT FOB Black Sea for unsold January Billet output.
Metalloinvest (one of the largest iron ore producer and supplier in the world), based in Russia sold out Billet at high prices i.e. $520/MT FOB Black Sea last.
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