CiS billet exporters close sales of october production with discounts

摘要

Bearish sentiments prevail in the CIS billet market, since demand remains moderate, while scrap import prices keep sliding in Turkey. The bulk of October CIS billet is already sold out and suppliers are giving discounts to sell the rest.Business activity is still weak in the billet market. Buyers are trying to enter the market only if needed as they wait for more attractive prices. The situation does not improve in the related segments either, so players are not expecting price stabilization soon.