CIS origin 3SP-5SP billets are currently being offered by CIS producers for export at around $1,080-1,100/mt FOB Black Sea for late July shipments.
The CIS billet producers continue to raise their prices. It is heard that some producers have filled their order books for July shipments. These producers are not in any great hurry to give offers for August shipment.
The trading firms (which have previously taken position) are offering at the price level of $1,060-1,080/mt FOB for early July.