Sentiment in the CIS export billet market turned negative in the week ended Monday January 22 amid a lack of activity and pressure arising from weakness in Chinese prices, Metal Bulletin has heard.
There was almost no trading activity for CIS billet exports during the week."The market seems to have completely stopped," one trader said. "There is no liquidity."Another trader told Metal Bulletin that he had not heard of any transactions because his clients were taking a wait-and-see position in expectation that the...