CIS STEEL BILLET: Prices soften on low scrap prices, poor demand

August 12, 2021 / www.metalbulletin.com / Article Link

Export billet prices from the Commonwealth of Independent States (CIS) region declined at the beginning of the week, pressured by low prices and poor demand.

Lower import scrap prices in Turkey as well as low demand in major sales outlets due to the summer slowdown were the main reasons for the negative mood.
"[The] market seems very soft. August is a quiet month in general as well," a Europe-based trading source told Fastmarkets.

"[The] volatile Chinese market also create[d] a bit...

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