It is reported that the CIS steel export market is continuing to stagnate with billet prices loosing further USD 5 per tonne to USD 10 per tonne this week. While the bigger players are maintaining their offers in the higher band, material is available at lower rates on prepayment basis.
It seems that buyers are cautious and anticipate further cut in prices as the European debt crisis is weighing heavily on their minds. As per market reports transactions are taking place for small volumes only. It is also reported that steel mills have open positions for December production despite some of them have undertaken production cuts.
It is reported that export prices of flat products remain under sever pressure at Black Sea.
FOB Black Sea
| Item | Grade | Size | Change |
| Billets | 3-5 sp/ps | 125-150 mm | -5 |
| Rebars | A300C-A500C | 12-32 mm | -10 |
| Wire rod | mesh | 5.5-6.5 mm | -10 |
| HRC | ST1-ST3 kp/sp/ps | 2-8 mm | -15 |
| HRC | ST1-ST3 kp/sp/ps (Russian) | 2-8 mm | -5 |
| Plates | A36 | 8-30 mm | -10 |
| CRC | 08 kp (Ukrainian origin) | 0.5-1.5 mm | -10 |
| CRC | Russian origin | 0.5-1.5 mm | -5 |
Change is on Dec 02nd as compared to 25th Nov 2011
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