CIS billet suppliers failed to win deals at desired higher levels set over the past week despite the uptick in scrap prices as customers preferred to refrain from bookings amid slow demand for finished long steel products.
Buyers' price ideas did not exceeed $365 pertonne fob Black Sea. Bids from customers in Egypt were heard at $375-380 pertonne cfr, or $355-360 per tonne fob Black Sea, while Turkish customers showed interest in buying billet at $380 per tonne...