Additional pressure was being exerted by decreasing import scrap prices in Turkey
as well as the possibility of steel import quotas
being implemented by the European Union.
Metal Bulletin’s CIS billet export index went down across the $500 per tonne threshold to $499 per tonne fob Black Sea on Monday July 16, a fall of $3 per tonne day-on-day.
There were virtually no offers from CIS suppliers last week, with mills preferring...