CIS origin 3SP-5SP billets are currently offered for export at around $515-520/mt FOB Black Sea for October shipments.
CIS origin billet offers, which had begun to rise from late July, have gained stability since last week. The European market has not returned from its holidays yet. Furthermore, the longs market in North Africa has not yet achieved a positive trend. However, there are some slight rises in the Middle Eastern longs market. If the Middle Eastern and Mediterranean markets are able to pick up in line with expectations, CIS producers may conclude sales at these current levels.