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Tuesday, September 18, 2018 - 10:40:19 AM
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Mining News Pro - The price of Billet in the latest deals was about $ 477 for the Black Sea FOB due to the sale of a 50,000-tonne cargo from Ukraine to the Middle East.
According to Mining News Pro - A Russian producer of billet has sold $ 490 worth of Turkish deliveries, equivalent to $ 471 to $ 472 a FOB.
Demand is currently weak in the region, and the Turks are expecting to reduce FOB prices from 490 to 480 USD for better exports to East Asia.
Additionally, CIS manufacturers will reduce prices by $ 465 to $ 475 a FOB. While the bulk of the proposal is now $ 480 FOB, Egypt has received $ 510 to $ 515 CFR.
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https://www.miningnews.ir/En/News/264834
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