The steel market at Black Sea improved last week substantially after increase of orders from buyers, but mostly came back to the previous positions.
Billets and HRC of Ukrainian origin exhibited major recovery as sellers kept on increasing their offers.
| Item | Grade | Size | Change |
| Billets | 3-5 sp/ps | 125-150 mm | 40 |
| Rebars | A300C-A500C | 12-32 mm | 0 |
| Wire rod | mesh | 5.5-6.5 mm | 0 |
| HRC | ST1-ST3 kp/sp/ps | 2-8 mm | 30 |
| HRC | ST1-ST3 kp/sp/ps (Rus) | 2-8 mm | 0 |
| 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 | 10 |
Change is on April 3rd 2009 as compared to March 27th 2009
Change is in USD per tonne
Delivery FOB Black sea
It is reported that China with high inventory levels has already started making forays with competitive prices. The gap between Black Sea port prices and Chinese Main port prices closed for all products as the former prices showed correction.
| Item | 06-Mar | 13-Mar | 20-Mar | 27-Mar | 03-Apr |
| Billet | -210 | -160 | -145 | -128 | -100 |
| Rebar | -120 | -120 | -145 | -140 | -100 |
| Wire rod | -125 | -130 | -145 | -140 | -100 |
| HRC | -145 | -120 | -95 | -120 | -90 |
| Plates | 90 | 85 | 105 | 75 | 40 |
| CRC | -125 | -115 | -115 | -150 | -90 |
In USD per tonne
Delivery on FOB basis
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(Sourced from www.steelprices-india.com)
