Prices for billets in the Black Sea ports are rising again

During January 21st-28th, prices for billets in the Black Sea ports increased by $15, or 2.4%, compared to a week earlier, to $640-650/ton.

Almost the whole of January, the prices for the Black Sea billets show an increase, writes the GMK Center with reference to Kallanish Commodities.

In the past two weeks, the growth of quotations for semi-finished products was supported by high demand for semi-finished products from Egypt. At the same time, customers from other markets are not particularly active. In addition, the market is quiet in anticipation of the Chinese New Year.

Turkey, the key market for the Black Sea harvest, is still refusing proposals from the CIS. Imported semi-finished products are not of interest to local factories now, since local procurement is cheaper.

Also, the activity of transactions in the CIS market restrains the tension between Ukraine and Russia.