Billet mills in CIS obliged to soften their export offers

In the CIS steel mills' billet export offers have softened slightly. Producers had last week insisted on maintaining their billet export prices at $530/mt FOB, but the offer levels have this week dropped to $525/mt FOB, while some deals have been heard below the level in question.
 
Meanwhile, most steel producers in the CIS have already filled their order books for December, while others have continued to sell December production billet in the export market.