Billet mills in CIS plan to raise their prices

While the Turkish domestic market has indicated some improvement, many billet producers in the CIS prefer not to respond to price inquires at the moment, as they have already filled their production capacities for November. Meanwhile, mills in the CIS are planning to raise their December output billet export offers as of early November, after the Feast of Sacrifice holiday (October 24-28) which will bring activity to a halt in the Turkish and the Middle Eastern markets.
 
Ex-CIS billet offers, which have decreased to $490/mt FOB in the latest transactions, are expected to increase to the level of $510-515/mt FOB in the first days of November.