CIS STEEL BILLET: Prices soften amid lack of support

June 30, 2021 / www.metalbulletin.com / Article Link

Prices for steel billet exports from the Commonwealth of Independent States softened early in the week started Monday June 28 due to a lack of support from buyers.

Russian suppliers mostly continued to stay away from the market, with no fresh offers placed yet following news last Friday of the planned introduction of an export duty on steel products from August 1.
The duty's base rate will be 15%, with the minimum rate for billet at $115 per tonne.

Last week, Russian mills said that they would start the next round of...

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