On August 29, SteelOrbis reported ex-Brazil billet offers to the US and other countries at $510-520/mt FOB Brazilian port.
On September 19, sources informed SteelOrbis that offers to the US and other countries continue to trend stable at $510-520/mt FOB Brazilian port. Given global import offer prices reportedly at $530-550/mt CFR in Turkey, Egypt, Southeast Asia, and the EU, a source noted that ex-Brazil billet offers are “within the logical and competitive range.”