CIS origin 3SP-5SP billets are currently offered for export in the price range of $485-490/mt FOB Black Sea for late July shipments.
It would be difficult to describe the billet market as being active. Buyers in the Middle East and Europe are not willing to purchase CIS billets due to the weak longs market and sufficient stock levels. Offers for Turkey are at $505-510/mt CFR depending on the port. On the other hand, offers for Italy are at $515-520/mt CFR level.