CIS export billet prices continued to fall at the end of September amid the continuing downtrend in the global steel markets, particularly the finished flat steel segment, both domestically and in the major customer outlets, due to the slowdown in trading activity.
Despite the reduced availability of slab in the region due to maintenance work at major mills, suppliers still had to cut their prices to attract customers.Fastmarkets' assessment of the price of steel slab, export, fob Black Sea, CIS, was $365-375 per tonne on September 30, down from $380 per...