CIS billet export offers

CIS billet export offers are currently in $400-415/mt FOB price range, for late October shipments. Turkish mills, which are not very aggressive in billet exports due to the strong domestic market and active market situation especially in Italy after the holiday period in Europe, raised the booking and offer levels. Turkish mills are not interested in CIS origin billet much since they meet most of their supplies from the domestic market. However, Italian and Northern African countries appear active in purchases.