The market for exports of steel billet from the Commonwealth of Independent States (CIS) was muted this week because producers have closed their order books for September and increased their offer prices for October-rolled material.
Metal Bulletin's daily CIS export billet index was $476 per tonne fob on Tuesday September 4, unchanged day-on-day."The CIS mills have sold out September-rolled billet and have decided to increase their offers, but the market is not ready to accept higher prices because of low demand," one trader told Metal...