In the final week of May, the import market for billets in South-Eastern Ukraine witnessed a price fluctuation between $505 and $525 per ton CFR. This variation in prices reflects the current market conditions and the supply-demand dynamics in the region.
Limited Availability of Sub-Sanctioned Steel
Despite the broader price range, the market saw a minimal supply of sub-sanctioned steel billets from the Russian Federation and Iran, particularly at the lower end of the price spectrum. These sub-sanctioned volumes, priced at approximately $505 per ton, were not significantly available, indicating a constrained supply from these sources.
Key Insights
- Price Range: $505-525 per ton CFR.
- Source of Supply: Minimal volumes from Russia and Iran at the lower price end.
- Market Condition: Price variation reflects the overall import market dynamics in South-Eastern Ukraine.
This limited availability of lower-priced billets suggests potential market tightness or strategic withholding of supplies from sub-sanctioned sources, impacting the overall import pricing structure in the region.
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