CIS billet export offers are currently in the price range of $490-500/mt FOB Black Sea for late June shipments.
CIS billet prices have fallen a little due to the slight softening experienced in Turkish and Italian billet prices. According to reports, sales have been concluded at $490-500/mt FOB Black Sea to Middle East. The fact that an increase in the export tax for Chinese billets is on the agenda may jazz up billet prices again.