CIS STEEL BILLET: Market firms as customers accept higher prices

By Vlada Novokreshchenova / June 11, 2018 / www.metalbulletin.com / Article Link

Prices in the CIS export billet market have become firmer, with customers finally accepting higher prices, Metal Bulletin heard on Monday June 11.

Mills continued to increase their offer prices, citing positive developments in the scrap market in Turkey, and the imminent end of the Islamic holy month of Ramadan, which will see a restoration of normal levels of business activity.There is reduced competition in the global market because customers are refraining from deals with Iranian...

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