CIS origin 3SP-5SP billets are currently being offered by CIS producers for export at $860-870/mt FOB Black Sea for June shipments.
CIS billet producers' prices have continued to remain unchanged this week. The Far East and Southeast Asian markets, which had been very active in January and February, have been considerably sluggish for three weeks now.
On the other hand, due to the fact that trading firms that had previously taken position have concluded some sales to the Mediterranean markets, particularly to Turkey, at $840-850/mt FOB, the CIS producers have been experiencing some difficulties in sales to the markets in question.