During the past week, demand for ex-CIS
billet in the export markets has improved slightly due to the absence of
China as the Chinese National Day (Oct. 1-7) holiday continues, though demand is still at low levels.
This week, three ex-CIS
billet deals concluded at $315-320/mt CFR have been heard in
Turkey - one of CIS-based suppliers' target markets for
billet exports - as activity in the Turkish
billet market has indicated a slight revival due to the increases seen in import scrap prices in
Turkey. Following the latest deals, it is observed that ex-CIS
billet quotations to the export markets have remained stable week on week at $300-325/mt FOB.