Trading activity in the CIS export market for steel billet was limited in the week ended Friday August 21, with both sides assessing the situation. Some activity was reported in Asia, while customers in markets nearer to the CIS took a wait-and-see stance.
Mills selling from the Black Sea basin were not actively offering material, and kept their official indications within the range of $400-410 per tonne fob, depending on the mill.Some interest in imported billet was heard in Tunisia, several sources said. A source on the customers' side said that $405 per tonne cfr (equivalent to $380-385 per...