CIS STEEL BILLET: Prices stable amid lack of activity, market seeking direction

摘要

Prices for CIS-origin billet remained largely unchanged in the week ending Monday April 30 amid reduced buying activity.Mills and traders sold significant volumes of billet in the preceding week and took a wait-and-see position over the past seven days, preferring to assess the market situation.Traders expect to see another round of price falls in the near term, but mills were more optimistic, with some already offering billet at higher prices and forecasting that billet prices will pick up in the coming weeks.