Sentiment in the Commonwealth of Independent States' (CIS) export billet market improved over the weekend amid ongoing demand from China as well as increasing scrap costs, sources said.
Fastmarkets' daily steel billet index, export, fob Black Sea, CIS was $345 per tonne on May 11, up by $9 from Thursday May 7.Several cargoes of Ukraine-origin billet totaling 90,000 tonnes were sold to China at $375 per...