While the Black Sea market is relatively stable, Asian markets are on a downward path due to declining seasonal demand, falling raw material prices, and cost pressures on producers. As the world’s largest billet producer and consumer, China plays a decisive role in the overall market direction.‎

‎Last week, the price of Black Sea export billet remained stable at ‎‎$‎‎445 per ton FOB. In contrast, the price of billet in China’s domestic market fell by $16 to $406, and the country’s export billet also experienced a decrease of $8. Also, in Southeast Asia, imported billet fell by $13 to $449 per ton CFR‎.