CIS STEEL BILLET: Sentiment cools amid lack of demand, but mills keep offers stable

Sentiment in the CIS export billet market had cooled down somewhat by the end of the week, with demand in most destinations only modest and bookings rare, sources told Fastmarkets on Friday August 14.

Despite this, CIS billet producers were in no hurry to reduce their offer prices, they added.
"Order books are strong [so] mills can wait," a billet producer source told Fastmarkets.
And a trader said: "Iron ore [prices are] firm, so let's see what happens next week."

Recent offers for September-rolling billet from CIS mills selling material from Black Sea basin were heard at $400-410 per tonne fob,...

Silver outperformance driven by weak supply growth

Supply data still points to major silver deficit this year

Canada second most significant player in global mining M&A

Plenty of potential for continued rotation out of tech

Platinum to palladium ratio low, platinum to gold high, versus history