The CIS export billet market remained at a standstill on Monday March 18 due to the absence of trading activity in most of the commodity's usual outlet regions, Fastmarkets heard on Monday March 18.
Mills were indicating offers within the range of $460-465 per tonne fob Black Sea.But customers in most outlet regions could not afford such high prices because they would not be able to pass on these higher billet costs to their finished long steel buyers.Customers' price expectations did not exceed $450 per tonne fob. This was rejected by the mills, however,...