MB 06-26-2020

◾️Iranian billet exporters keep offers firm but bids slide amid softer demand

Iranian billet producers maintained offers to overseas customers in the week to June 24, supported by demand in the domestic market,
Fastmarkets learned…

▪️TURKEY STEEL BILLET: Prices down on weak demand

Turkish billet prices have gone down over the past week because of poor demand and expectations of a downturn in the price for scrap feedstock, market sources said on Thursday June 25…

▪️CIS STEEL BILLET: Mills slash offers amid sluggish demand

Steel billet producers from the Commonwealth of Independent
States (CIS) reduced their offers early this week on a lack of demand in Asia as well as in nearer markets, Fastmarkets learned…