Export offers for all products rose substantially last week. But the general idea that could be applied to all products is that this is cost driven increase of prices.
Possibly prices were supported by bad weather conditions. With temperature of more than -20C in the region, the transportation and all port operations have become tricky. Some problems with production process and stocking also appeared.
Billets are hugely supported with scrap prices levels. So, most part of producers increased their offers by USD 10 per tonne to USD 15 per tonne. Although big players started asking for up to USD 480 per tonne, the real deals are still reported at USD 455 per tonne to USD 460 per tonne FOB Black Sea basis.
Wire rod and rebars finally caught up and started following semis trend and have risen by USD 10 per tonne to USD 30 per tonne.
Higher quotations for flats are seems to found demand. So, the Ukrainian mills are currently asking 500-540USD/t, the Russians - 530-590USD.