Trading activity in the CIS export market for steel billet had revived by the end of the week to Thursday March 4, although it started relatively quietly amid a lack of certainty in the raw materials and finished long steel sectors in customers' markets, particularly in Turkey.
"Turkish customers did not place many bids [for billet imports] because rebar and merchant bar sales in their domestic and export markets are not very active, and prices have not improved. And there is a problem with export offers because of increased shipping costs," a Turkish trader told Fastmarkets.A steel mill in the Marmara region booked a Canadian cargo, comprising 18,000 tonnes...