Prices in the CIS export billet market remained unchanged on Wednesday June 27, but negative sentiment among market participants was growing due to a lack of trading and the downward price trend in China's domestic market.
"Chinese billet [prices have] collapsed so we are likely to [be affected by] the decrease," a producer source told Metal Bulletin.A trader source confirmed that sentiment was turning pessimistic, but said this had not been reflected in prices so far."China seems to have spooked the market, but honestly I...