Tag: steel trade sentiment
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Weekly round-up: Chinese and CIS billet export prices ease w-o-w amid cautious year-end bookings
CIS billet under pressure from weaker Turkish buying Southeast Asia demand capped by slow finished steel sales Global billet and scrap markets softened in the week ended 19 December, as buying interest remained subdued across Asia and the CIS-Black Sea region. Chinese billet export offers edged lower w-o-w, weighed down by weak domestic sentiment, while…