Sales of the semi finished material, Billet (to be delivered in July), is expected to take place at higher prices from Black Sea.
Billet buyers are asking for material at $550/t FOB Ukraine for around 20,000 tons. But sellers are willing to offer at $560/t FOB.
Whereas, for 30,000 tons of material, traders wish to make purchases at $553/t FOB Ukraine.
Some buying has been concluded below $540/t FOB, i.e. at $535 FOB which was unexpected and traders are of the view that to get rid of stock, sellers might have offered material at low price.
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