According to market sources, ex-CIS billet offers have decreased by $5/mt on the lower end over the past week to the range of $335-345/mt CFR, for September shipment. Despite the price increases in the Turkish import scrap market during the past two weeks, CIS-based billet suppliers have not kept their prices unchanged for Turkish producers, since they are under pressure from aggressive Chinese billet prices and also as demand for ex-CIS billet in Turkey has decreased gradually. While no new ex-CIS billet bookings have been heard in Turkey this week, Turkish producers are still maintaining a cautious stance since there has not been any significant recovery in their finished steel sales. 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.