Tel : 0086-0371-86172891
Tel : 0086-0371-86172891
Since April 15th, the performance of the Black Sea steel billet market has been sluggish, and the geopolitical situation in the Middle East is tense. Market participants have remained concerned about the relevant markets.
Recently, Türkiye and Egypt's inquiry for Russian steel billets is almost at the same level, about 500 US dollars/ton FOB Black Sea. Mysteel learned that Egyptian JSH540R steel traders have ordered 5000 tons of 5SP 125x125 mm Russian billets at a price of approximately $500 per ton FOB. When talking about the demand of Türkiye, a Turkish agent said that the tradable JSH540R steel price of some northern rolling mills was about 500 dollars/ton CFR, but this week the rolling mill inquired 525 dollars/ton CFR, and the subsequent price is expected to rise.
Sources from Russian steel mills have stated that the price difference this week is not significant compared to last week. At the same time, a European trader was skeptical of Türkiye's inquiry and believed that Türkiye's inquiry for CIS JSH540R steel billet was relatively low, which was 510-515 US dollars/ton CFR Türkiye, about 485-490 US dollars/ton FOB Black Sea. Recently, traders are mainly wait-and-see.
