After the first reports about the normalization of supplies from billet mills, the current supply levels of billets fell. Supply levels are reported to have dropped nearly $ 10 per tonne to an upbeat $ 490 per tonne.
Some factories are reported to be offering lucrative discounts on October shipments. In particular, 20 thousand tons were sold to international traders at $ 488 per ton FOB Mariupol.
It is noteworthy that about two weeks ago, the price levels offered in the market were $ 500 per ton. It became known that some of the major players are still trying to maintain the price level of $ 500 per tonne, but this will not last long if the supply situation does not worsen.
This is having a cascading effect on billet prices in the Chinese market, which saw losses ranging from RMB 20 per tonne to RMB 30 per tonne in all regions in China except Shanghai. At the same time, the market for billets in Iran remained unchanged. In addition, the export level of the two leaders of this country, Isfahan Steel Company and Khouzestan Steel Company, has increased and, if this trend continues, the billet price will be stable. Domestic billet prices will depend more on scrap prices and demand for long products.
The price levels for the supply of billets across the Black Sea began to decline
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Azovpromstal® 26 September 2014 г. 11:55 |
