CIS STEEL BILLET: Prices weaken amid lack of demand, falling bids

The CIS export price for steel billet continued to weaken on Tuesday October 2 with customer interest being limited in all the major sales outlets, Fastmarkets has heard.

This included Southeast Asia, which recently has been rendering support to sellers from the Commonwealth of Independent States, Turkey and others within the Southeast Asian region.
The situation in the Southeast Asian market has started to show the signs of breaking down, with low domestic prices being heard for finished long steel and a sustained weakness in the region’s currencies.

In the Philippines, the peso was trading...


Vlada Novokreshchenova

October 02, 2018

20:15 GMT