| the European Union since September of raw materials prices have been running in a weak situation, although the scrap and billet prices moderate, the CIS billet exports fob not to fall below 400 U.S. dollars per tonne, but prices will inevitably reflect the billet to the local Seamless Prices. Local production of seamless steel plant withstood the downward pressure, rely on the slow recovery in world demand for seamless pipe and the exchange rate down the machine, to re-raise the offer by the end of November. In the near future, the European seamless steel tube market prices were still stable. |
