The Black Sea based CIS steel export market pricing is not consolidated at the moment. Rather, the situation is similar to a year ago ie there are low prices at which none can buy and high prices at which none can sell.

In case of steel billets, sellers have hike their offers and all offers at USD 540 per tonne and below FOB seen earlier this week seems to be not available any more.

But, finished longs quotation decreased this week by around USD 10 per tonne.

But in general terms, the market got more positive and found some support from the demand.

Major changes may happen for flats as Russians will hike offer to the market and then Ukrainians steel mills may follow.

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