Prices for export billet originating from the Commonwealth of Independent States (CIS) softened in the week to August 5 due to multiple low bids from Turkish and Chinese customers.
Earlier in the week, information about a 20,000 tonne shipment of 3sp Ukraine-origin billet sold to Libya at $690 per tonne cfr was heard. The price nets back to $645 per tonne fob Black Sea, the source said.According to a number of sources, the booking was done the previous week and some sources...