The state enterprise Ukrpromvneshexpertisa believes the square billet prices in July will decrease by $5-10 per ton MoM, to $300-310 per ton FOB Black Sea.
Rolled metal price drop has to do with the Ramadan in the Near East and the season of vacations in Europe.
The demand for the square billets on the world markets is not expected until autumn following the seasonal increase of construction activities. (Ukrainian metal)