According to market sources, ex-CIS billet offers have decreased by $5/mt on the upper end over the past week to the range of $335-340/mt CFR, for September shipment. However, Turkish buyers consider the current prices levels to be on the high side and are making firm bids at $330-335/mt CFR, $5/mt below the current price levels. Despite the price increases in the import scrap market in Turkey, Turkish steel producers continue to conclude bookings for imported scrap. As a result, demand for billet from the CIS region is still slack in Turkey this week. After a Turkish steel producer concluded a deal for 30,000 mt of billet from the CIS at $325/mt FOB last week, no new ex-CIS billet bookings have been heard in Turkey this week. Meanwhile, market sources state that CIS billet suppliers have started to direct their sales to other markets such as Egypt due to the weakening demand in Turkey for billet from the CIS region, with a CIS-based supplier having concluded a deal for 20,000 mt of billet to Egypt at $325/mt FOB last week.