Billet export prices in the Commonwealth of Independent States weakened further during the week to Tuesday May 25, with buyers still holding back from trading activity amid a falling Chinese import billet market.
Fastmarkets' assessment of the steel billet domestic price, ex-works Tangshan, Northern China has fallen sharply week on week to 4,940 yuan ($768.44) per tonne on Tuesday, down 600 yuan from 5,540 yuan per tonne on May 18.But no CIS mills were ready to sell...