CIS export billet prices continued to soften on Monday November 19 with lower bids and offers starting to be heard in the market, after the weakening of prices for imported scrap and exports of finished long steel in Turkey and the CIS.
The downturn in the Asian billet market, amid lower offers and pessimism among buyers, created by the possibility of China's return to the export market, was another reason for the lowering of sentiment.Indications of offers from CIS mills were heard...