CIS billet producers managed to secure several deals at higher prices in North Africa in the past few days, but most buyers have remained in wait-and-see mode since the start of November.
Ukraine's Metinvest returned to the market in November and sold a 25,000-tonne billet cargo with increased manganese content to a buyer in Libya in the past few days at around $405-407 per tonne cfr, sources told Fastmarkets. The cost of freight was estimated at $27-28 per tonne and there...