CIS billet exporters wait for market activity to anchor uptrend

摘要

The CIS billet market has become relatively quiet by the week-end. Suppliers and buyers prefer to monitor further developments in the scrap segment. Besides, scrap exporters have big hopes for higher activity in the Asian billet market, taking into account the end of the holidays in China. The sentiment remains largely posi tive and most suppliers are waiting for a price increase, but its amount will directly depend on the dynamics in said segments.