CIS export billet prices continued fall this week, reflecting a lack of supportive factors in the market.
Fastmarkets MB's daily CIS export steel billet index was $432 per tonne fob Black Sea on Wednesday December 5, a drop of $3 per tonne from yesterday.The increase in Chinese domestic long steel and billet prices early this week has not provided the expected support to prices in Asia - offers of Chinese billet are still available at $460 per tonne cfr, market participants...