August 22, 2008

Brazilian billet prices continue to climb

YIEH report that Brazil’s export prices of billet are expected to reach over USD 500 per tonne, as the recent price achieved around USD 480~ USD 485 per tonne FOB.

The report said that in recently few months, steel mills have no extra square billet to supply trading company, because of strong demand in Brazil domestic market.

It added that Turkish and CIS suppliers have also hiked their square billet price in pass few weeks. The global market for square billet is getting better and better now.