CIS STEEL BILLET: Market keeps moving south amid lack of trading

A lack of trading activity continued to put pressure on the Commonwealth of Independent States (CIS) export billet market in the week to May 26, sources said.Chinese customers - the major buyers of CIS-origin billet of late - remain inactive due to falling domestic billet and rebar costs while CIS producers had a limited number of places they could sell their billet, market participants told Fastmarkets.