It is reported that steel billet price remained stable at Black Sea this week. The recent deals once again went down to USD 570 per tonne FOB, but the most players are pushing to USD 575 per tonne to USD 580 per tonne FOB. The market is not very active right now but most of the mills are still offering December production, although some of them were rumored to have closed their order book earlier by restricting availability by lowering sales & production plan.
Russian mills are decreasing prices for December by USD 20 per tonne to USD 30 per tonne for HRC which is strengthening the feeling that price recovery is unlikely in January.
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 | -10 |
| HRC | ST1-ST3 kp/sp/ps (Russian) | 2-8 mm | -30 |
| Plates | A36 | 8-30 mm | -20 |
| CRC | 08 kp (Ukrainian origin) | 0.5-1.5 mm | -10 |
| CRC | Russian origin | 0.5-1.5 mm | -20 |
Change is on Nov 18th as compared to 11th Nov 2011
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