Negative sentiment prevailed in the export billet market in the Commonwealth of Independent States amid a lack of clarity over the impact of the novel coronavirus (2019-nCoV) pandemic, market sources said.
CIS billet was available to customers mainly at $390-393 per tonne fob Black Sea early this week, down from $395-400 per tonne early last week and mills were ready to negotiate. Most customers showed no interest in material, however, despite discounts.Demand for finished long steel in the...