CIS export billet prices bounced back in the week ended Monday February 12 after several weeks of decreases and uncertainty amid improved market conditions.
"Scrap prices have increased and there is no pressure from the supply side [because mills are in no hurry to sell March volumes],"one source said."Moreover, we expect a seasonal increase in consumption in the spring," he added.Metal Bulletin's weekly export CIS Billet Index was $498 per tonne fob Black Sea on February...