The export market for CIS-origin steel billet remained quiet this week, with buyers adopting a wait-and-see stance while they await clarity on the direction of prices, sources told Fastmarkets.
Billet buyers in Turkey, one of the major markets for CIS-origin semi-finished material have refrained from making any purchases since the sharp devaluation of Turkish lira at the weekend.The dramatic fall in the value of the currency against the dollar has "frozen steel trading,"...