The CIS export price for steel billet slipped on Wednesday August 28, following the sharp drop in ferrous scrap prices earlier this week as well as the lack of trading activity in the semi-finished steel market.
Fastmarkets' daily steel billet index, export, fob Black Sea, CIS, was $390 per tonne on August 28, down by $5 day on day.Most mills were offering material at around $400 per tonne fob Black Sea, and were ready to give some discounts to customers, but no fresh bookings have been heard since the beginning of the...