CIS billet export offers

In the CIS billet export market, following the conclusion of some CIS origin 3SP-5SP billet sales at $680/mt FOB Black Sea in the beginning of the week, prices have been continuing to trend up. It is heard that the Far East market is considerably strong at the moment. Producers are receiving firm bids from the Far East at $690-695/mt FOB. However, most producers are not positive in their approach to these firm bids. Producers are pushing for price levels of $700/mt FOB and above.