Sentiment in the Commonwealth of Independent States (CIS) export billet market deteriorated in the second half of this week, following the drop in import scrap prices in Turkey and a lack of interest from the customers' side.
"Everyone was expecting huge sales after [the observance of the Islamic holy month of] Ramadan, but there have not been any sales over the past 10 days," an international trading source told Fastmarkets.Offers from CIS producers were heard within the range of $428-435 per tonne...