New export offers from CIS billet producers for July-rolling material appeared to be too high for customers to accept, which resulted in a lack of trading activity this week.
Last week's successful sales of billet cargoes at $430-435 per tonne fob Black Sea to North Africa by several CIS mills inspired Russian and Ukrainian producers to increase their offers for July-rolling material to $440-450 per tonne fob Black Sea in the week to Friday May...