CIS STEEL BILLET: Trading quiet as market waits for clarity

Trading activity in the Commonwealth of Independent States export billet market was limited in the week to Friday February 28, as most market participants took a wait-and-see position to assess the situation in the global market.

Lack of demand for finished long steel products in the customers’ markets, stabilization of import scrap prices in the bellwether Turkish market, and dampened sentiment in the Asian market due to the spread of the novel coronavirus (2019-nCoV) created uncertainty in the global market.

The halt of trading in Turkey late this week following an...


Vlada Novokreshchenova

February 28, 2020

17:22 GMT