CIS billet suppliers have finally seen an improvement in buying activity outside Southeast Asia, where they have been concentrating their efforts recently due to the weak demand in the Middle East-North Africa (Mena) region.
In early November, Turkish customers resumed billet imports after several months of silence, because of high import prices for scrap.On Friday November 2, Fastmarkets' daily index for Northern European HMS 1&2 (80:20) was $332.30 per tonne cfr, compared with $327.68 per tonne cfr on October 26. Friday's value for the index was...