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.
FOB Black Sea
| Item | Grade | Size | Change |
| Billets | 3-5 sp/ps | 125-150 mm | 0 |
| Rebars | A300C-A500C | 12-32 mm | 0 |
| Wire rod | mesh | 5.5-6.5 mm | -5 |
| HRC | ST1-ST3 kp/sp/ps | 2-8 mm | +5 |
| HRC | ST1-ST3 kp/sp/ps (Russian) | 2-8 mm | +5 |
| Plates | A36 | 8-30 mm | 0 |
| CRC | 08 kp (Ukrainian origin) | 0.5-1.5 mm | 0 |
| CRC | Russian origin | 0.5-1.5 mm | 0 |
Change is on 14th December as compared to 7th December 2012
If volatility in steel prices is affecting your business, keep tab on market realities and trends by subscribing to www.steelprices-india.com, which is a comprehensive portal that provides domestic pricing information for benchmark steel products in each category at select location in India on a regular basis 5 days a week and international price levels on a weekly basis.
Products covered
1. Input materials - Iron ore, scrap, sponge iron, pig iron pencil ingot, billets and blooms
2. Long products - Rebar, wire rod, angle, channel and joists
3. Flat products - Narrow plates, wide plates, HR, CR and galvanized
4. Others - Pipes
