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Platts FOB Black Sea Steel Billet Rationale

Friday, 01 October 2021

S&P Global Platts assessed Commonwealth of Independent States export billet at $595/mt FOB Black Sea Oct. 1, unchanged from Sept. 30.

A CIS mill source reported a tradable value at $595/mt FOB Black Sea. A Turkish trader said bids form Turkey were at $580/mt FOB Black Sea. He added that offers stood at $600/mt FOB. Another Turkish trader reported tradable values for large volumes to China at $600-$605/mt FOB Black Sea and for smaller volumes of 3,000-10,000 mt to the Mediterranean markets at below $600/mt FOB. No new transactions were reported on the day.

No data was excluded from the assessment.

The above rationale applies to the Platts daily FOB Black Sea billet assessment, with the associated market data code STBLB00.

-- Staff

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