CIS STEEL BILLET: Market turns quiet as holidays approach

The CIS export billet market was rather quiet in the week ended Friday December 20, reflecting the approaching holiday period.

Offers from CIS mills remained around $420 per tonne fob Black Sea, with some mills starting to offer February casting material.
Buying activity has slowed compared with previous weeks because customers in major markets have already purchased the necessary volumes to meet their immediate needs and have not been not ready to buy more in advance.

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