As per latest reports from Black Sea, the CIS steel export market is already turning into vacation mode and prices are rather stable.
Billet price is fluctuating around SD 510 per tonne to USD 515 per tonne FOB Black Sea.
Finished longs prices are also keeping the previous week level amid slow market and poor bookings.
Finished flats are also stable, but the market is more optimistic that longs segment.
Source:
http://www.steelguru.com/russian_news/CIS_steel_exporters_in_vacation_mood/296052.html
