According to market sources, ex-
CIS billet offers have decreased by $5/mt over the past week to $360-365/mt FOB. It is heard that
CIS-based
billet traders are accepting buyers' firms bids at $355/mt FOB, but no ex-
CIS billet deals have been heard in Turkey yet. Meanwhile, Chinese
billet offers to Turkey have decreased by another $15/mt week on week to $330-335/mt CFR. Market players are wondering that whether
CIS-based traders, who are having difficulties competing with low-priced Chinese
billet offers, will reduce their prices further in the near future.