It looks like Ukrainian steel billet sellers have broken the market for themselves. A lot of companies were keeping out of the market till the last time expecting to get some premium to the price.
When players came to the market with the price of $645-660 per ton, it was just not accepted. It became obvious that the situation on the market is not a mirror of the year before last year as supplies of finished longs for the last months were just led by semis.
Offers at $635-645 per ton, even $600, were shots in the air without real demand. When suppliers started to come back to the market buyers moved back from $625-630 per ton, that they were ready to pay a weak before, to $600- 620 per ton. (Steelprices-Europe)