S&P Global Platts assessed CIS export billet at $660/mt FOB Black Sea Feb. 4, up $5/mt on day.

One trading source indicated a tradable value at $660/mt FOB Black Sea, and cited mill offers at $680-$685/mt FOB Black Sea. The source also indicated near-term mill offers at $690/mt FOB Black Sea.

Another trader indicated a tradable value at $660/mt FOB Black Sea, and cited mill offers at $680-$685/mt FOB Black Sea.

One CIS mill source cited bids at $650-$670/mt FOB Black Sea, but no interest from the mill.

A third trader put CIS mill offers to Egypt at $670/mt FOB Black Sea, with an indicative tradable value for Egypt at $660/mt FOB Black Sea. The source also indicated a tradable value for Turkey at maximum $650/mt FOB Black Sea.

Another trading source cited CIS mill offers to Turkey at $670/mt FOB Black Sea, and above.

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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