CIS steel billet producers reduced offers of April-rolling billet in the week ended Friday February 22 in an attempt to attract customers, following the decline in global scrap prices, particularly in Turkey.
Fastmarkets daily index for Northern Europe-origin HMS 1&2 (80:20) was calculated at $304.96 per tonne cfr Turkey on Friday February 22, down from $324.29 on the same day last week.The daily index for US-origin HMS 1&2 (80:20) was at $313.42 per tonne cfr on February 22, down from $332.75 per tonne on the same day last...