Buying activity in the CIS export billet market was muted in the first half of January due initially to the long year-end holidays and later to generally low demand for the material in the major outlets.
Despite this, Metal Bulletin's weekly export CIS Billet Index rose to $520 per tonne fob Black Sea on January 15, up from the previous $514 per tonne fob Black Sea amid higher offer prices.Billet offers from several CIS mills were mainly within the range of $520-530 per tonne fob Black Sea last week, while the majority of them were assessing the market situation. In late...