CIS BILLET: Offers climb, customers remain cautious

CIS billet producers further increased their export offers on Thursday May 23, still buoyed by last week’s halving of import taxes on Turkish steel by US president Donald Trump.

The US import tax on Turkish steel products is now in line with products from most other countries at 25%, and the US move improved market sentiment generally and resulted in higher scrap prices. CIS billet export offers were heard at $430-445...


Vlada Novokreshchenova

May 23, 2019

21:31 GMT