The Commonwealth of Independent States (CIS) export billet market turned quiet at the end of the week to June 25 following news of the Russian government's plan to impose temporary export duties on ferrous and non-ferrous metals sold outside the Eurasian Economic Union (EAEU) from August 1, Fastmarkets heard.
Billet is one of the products that will be affected if the government imposes the duties."Prices will definitely start rising because there will be an attempt to relay these costs to customers, at least partially,"...