The CIS export billet market was rather quiet over the week ending on Friday August 3, with buying activity muted and mills targeting higher offer prices.
On the one hand, buying activity in the majority of outlets was sluggish due to myriad region-specific reasons, while on the other hand, CIS mills were targeting at least $500-505 per tonne fob Black Sea for the product because of reduced availability of material in the region.Metal Bulletin assessed the CIS billet export index at $501 per tonne fob Black Sea on Thursday August 2, unchanged day on day. CIS-origin billet was...