Buyers of CIS-origin steel billet were in pessimistic mood in the last week of July because of the lack of activity in the finished steel sector during the mid-summer lull.
Customers' bids fell to less than $410 per tonne fob on Tuesday July 30, varying within the range of $405-408 per tonne fob Black Sea, market sources told Fastmarkets.But mills continued to offer material within the range of $420-425...