CIS billet export offers

CIS billet export offers are currently in the $405-415/mt FOB price range for December / January shipments. Although some offers are at below $410/mt FOB, billet prices are generally strong. Due to the export tax on Chinese-origin billets, CIS-origin billets seem to be moving comfortably in the Middle East and Gulf regions. CIS offers for Turkey's Izmir and Iskenderun ports are at $430-440/mt CFR, while those for Italy are at $440-450/mt CFR.