During the past week, demand for ex-
CIS billet in the export markets has remained at low levels. On the other hand,
CIS-based suppliers have increased their
billet export offers by $5/mt on the lower end week on week to $410-420/mt FOB due to the rises recorded in scrap quotations.
Following the rise seen in
CIS-based suppliers'
billet offers on FOB basis, ex-
CIS billet prices to
Turkey have also moved up by $5/mt on the lower end week on week to $425-435/mt CFR. However, it is reported that Turkish
billet buyers consider this range to be on the high side and are showing no interest in ex-
CIS billet.
Meanwhile, demand for ex-
CIS billet in
Egypt has been at low levels over the past week, while ex-
CIS billet offers are in the range of $430-440/mt CFR.