semis prices - Latest news GMK Center

Producers seek to increase the attractiveness of supply amid sluggish demand

Elsewhere in the world, producer bids remain unchanged

Producers took advantage of the tightening of tariff protection in the European steel market

Buyers take a wait-and-see attitude in hope for further price cuts despite announced production cuts in China and declining inventories

Exports of steel products may decrease by 300 thousand tons in annual terms

Billet prices rose by $5/t compared to the previous week in the ports of the Black Sea for September 15-22

Square billet in Black Sea ports for the week of June 16-23 lost $5/t in price, and in Turkiye – $20/t

As of May 19, 2023, billet quotations in Black Sea ports were $520-530/t FOB