Platts FOB Black Sea Daily Steel Billet assessment rationale published for June 20

Platts, part of S&P Global Commodity Insights, is publishing the FOB Black Sea Daily Steel Billet Assessment Rationale for June 20 on June 23, as it failed to publish on June 20.

Platts assessed CIS export billet at $434/mt FOB Black Sea June 20, down $2 on the day.

Platts assessed Turkish import billet at $453/mt CFR Turkey June 20, down $2 on the day.

Second-hand trades of Russian-origin billet to Turkey were reported at $453/mt for 3,000 mt, equating to $434/mt FOB.

An offer for unspecified volume was reported at $450/mt CFR Turkey, which netted back to $431/mt FOB Black Sea, Russian-origin. The offer could not be fully tested for repeatability.

A seller tradable value was reported at $460/mt FOB Black Sea minimum.

No data was excluded from the assessment.

Platts is part of S&P Global Commodity Insights.

The above rationale applies to the Platts daily FOB Black Sea billet assessment, with the associated market data code: STBLB00.

The rationale can be found in Steel Business Briefing, on pages PMA1314, STL1314 of Platts Ferrous Metals Alert, in Platts Market Center and Platts Connect under the symbol STBLB00.

Please send all comments and questions to EmeaMetalsTeam@spglobal.com and pricegroup@spglobal.com.