The price of steel billet exported from the Commonwealth of Independent States (CIS) remained stable over the week ended on Tuesday June 18, while trading activity continued to be sluggish in the major sales outlets.
"Everyone expected demand to pick up after Ramadan, especially in the Middle East, but it did not happen," one trader said, adding that the reason for the weak buying was low finished steel prices, while the price for raw materials was considered to be high.Fastmarkets...