It is reported that Ukrainian Mills woke up in bullish mood on Monday morning and hiked their offers further for Europe.
Billets – $580 per ton FOB ST Black Sea.
Pig iron – $535 per ton CFR FO Italian port.
HRC – $635 per ton FOB ST Black Sea.
HRP – $700 per ton base CFR FO Italian port.
Slab – $565 per ton FOB Black Sea.
A major Ukrainian steel mill had closed on Friday the 19th with a price indication of $550 for slabs but on Monday the 22nd there was an increase twice, first to $560 and then a jump to $565 FOB Mariupol. This is because of a fight for supremacy between two giants, both of whom want slabs for Italy. (Steelprices-Europe)