Sources report that ex-Brazil billet was purchased in South Korea at $575-585/mt FOB or about $595-605/mt CFR for May shipments “during recent optimistic times.” The source added that the ongoing market uncertainty is decreasing buyer bids and offers from various regions.
Billet offers from the CIS are reportedly at $555-565/mt CFR South Korea. Meanwhile billet offers from Iran to the region are reportedly at $545-555/mt CFR and $530-535/mt CFR from China. Ex-Brazil billet offers are reportedly at $545-565/mt CFR into southeast Asia, down $50/mt from the bottom of the range in the recent peak referenced above and down $40/mt from the top of the same range.