Black Sea region billet at $660-675 a tonne fob
* Ramadan, summer heat slow down construction
* Turkish rebar prices fall to $725-735 per tonne fob
By Silvia Antonioli
LONDON, June 20 (Reuters) - Black Sea region billet offer prices were little changed this week but interest from buyers dropped ahead of Ramadan which will slow down construction activity in key import areas.
Traders quoted Black Sea billet offers at $660-675 a tonne free-on-board (fob) Russia and Ukraine, a similar level compared to last week but interest from buyers at this price levels was much weaker than earlier this month.
"Nobody is willing to pay more than $650 fob for Ukrainian material," said a source at a Turkish steel mill. "With Ramadan in August consumption will go down so nobody is willing to buy anything unless it is delivered after Ramadan."
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