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what are the causes that brought the Corrugated Steel Roofing situation to this point?

It seems that the LME has not had great success in persuading the Corrugated Steel Roofing industry of the effectiveness of their steel billet contracts. The LME billet contract market had for quite a while been expected to deepen. However, after a certain peak level, the trade volume has declined significantly, as the physical market has remained sluggish this year. And then came the rupture with the physical market. How do you evaluate this period, what are the causes that brought the Corrugated Steel Roofing situation to this point?
 
We are refocusing the billet contract on Turkey, the Black Sea and Europe, areas where the merchant billet market is at its most vibrant. This should help improve liquidity and also price convergence between the LME and the physical market.
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