Export and Import Levels
Billets price levels under pressure at Black Sea - 07 Jul, 2008

It is reported from sources in the black sea that at present the price levels quoted at USD 1200 per tonne on FOB basis are finding the buyers with difficulty.

The availability is increasing in the Black Sea mainly because the shipments from china are rising to the Middle east, where they are substituting the Billets ate low price levels from china at USD 1170 per tonne to USD 1190 CFR levels.

It is time to see if the Ukrainian seller can resist the pressure and keep the price levels as per their offers or they come down on the levels to make the trade flow.

We hope to see the outcome in the coming week.

(Sourced from www.steelprices-middleeast.com)


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Currency Rates
28 Aug, 2008
USD 1.0000
AUD 1.1648
BRL 1.6226
CAD 1.0461
CNY 6.8293
EUR 0.6802
GBP 0.5431
INR 43.8023
JPY 109.3490
RUB 24.6111
ZAR 7.7793
Source: OANDA.com
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