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| Ukrainian billet and pig iron prices to Italy hitting the roof - 18 Mar, 2010 | ||
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It is reported that between last Friday and Monday March 15th, price of billets from Ukrainian suppliers has taken more than 20 $/mt, jumping from a sale price of USD 550 per tonne CFR FO one main Italian port to USD 570 per tonne. Considering freight component of USD 30 per tonne to USD 35 per tonne for orders of 5,000 tonnes each, the selling price FOB ST Black Sea seems to have reached at least USD 530 per tonne. It seems that market is still bullish and therefore that price could further go up, also due to a relative scarcity of available quantities and prospected productions. At the same time also steel making pig iron has signed a dramatic price increase at levels above USD 500 per tonne CFR FO, with target of USD 550 per tonne said to be soon reached. To keep tab on steel prices in Europe, subscribe to services of www.steelprices-europe.com by registering or sending a mail to admin@steelprices-europe.com with full contact details. Please note that this is a paid service with subscription charges of EUR 500 for 12 months. (Sourced from www.steelprices-europe.com) | ||
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