Exporters of steel billet raised their offers at the end of a week in which prices for the semi-finished material had been consistently under pressure, sources told Fastmarkets on Friday March 12.
Chinese buyers were very active during the previous two weeks, booking a raft of billet cargoes from India, Indonesia and Vietnam. But trading activity was muted over most of the past seven days, with sales prices coming at a sharp discount to previous levels.The same Indonesian producer also offered...