Buyers postpone their ex-CIS billet bookings

SteelOrbis has been informed that the latest ex-CIS billet offers this week were at $495-505/mt FOB, indicating no changes since last week, while some deals have been concluded in the past week at $490/mt FOB for advance payments and for shipments in July. Meanwhile, CIS billet export offers have now been withdrawn due to the Victory Day holiday in the region on May 9. 
 
On the other hand, the latest CIS billet offers for Turkey were standing at $515-525/mt CFR, while the most recent CIS billet offers to the Middle East and North Africa were found at $525-530/mt CIF. However, foreign buyers preferred to postpone their CIS billet purchases in anticipation of softer price levels after the holiday.