One of the reasons for lower market activity was reduced interest from Egyptian customers, which represent one of the largest outlets for CIS-origin billet at the moment. This is because of the upcoming Islamic Hajj celebration at the end of August.
Besides that, many customers in other markets preferred to take a wait-and-see position, expecting a downward price correction in the near term.
“At the moment, the heat is a bit lower compared with the beginning...
