A lack of supportive factors in the global market has resulted in lower interest in Commonwealth of Independent States-origin export billet from the customer side, eventually influencing bids.
One of the most negative factors was a sharp drop in the Chinese long-steel market due to the bearish sentiment caused by many days of weak demand, market sources said.The assessment for steel reinforcing bar (rebar) domestic, ex-whs Eastern China was 4,640-4,670 yuan ($726-730) per tonne on Wednesday November 10, down by 260-270 yuan per...