CIS STEEL BILLET: Prices down on lower offers, bids from China

Prices for export billet from the Commonwealth of Independent States (CIS) decreased on Tuesday September 28 after lower offers were heard in the market.

Mills reduced asking prices from $610-620 per tonne to $600-610 per tonne fob week on week after the Chinese market, which was expected to support suppliers, started to weaken.
Chinese demand for steel billet imports has fallen recently amid mounting concerns over China's property market and the potential for power shortages across the country.

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