Black Sea billet seasonally quieter, prices under pressure

摘要

Black Sea billet prices for September shipment came under more pressure Wednesday inresponse to a slump in the iron ore market and seasonally low demand from billet end-users, market players said.S&P Global Platts assessed its daily billet price at $410/mt FOB Black Sea, down $1/mt onday.Some CIS producers are not succumbing to the pressure and are keeping their pricetargets unchanged, around $415-$420/mt FOB.