CIS STEEL BILLET: Prices keep falling amid lack of trade

March 18, 2021 / www.metalbulletin.com / Article Link

Export prices for steel billet from the Commonwealth of Independent States (CIS) continued to fall amid a lack of trading activity in the week to Wednesday March 17.

Customers took wait-and-see positions, expecting further drops in the prices for raw materials and finished long steel products.

Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, was calculated at $428.81 per tonne on Wednesday, down by $1.82 per tonne day on...

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