CIS billet export offers

CIS origin 3SP-5SP billets are currently being offered by CIS producers for export at $1,200-1,220/mt FOB Black Sea for late August/early September shipments. While most of the CIS billet producers have been hesitating to make offers, it is heard that some CIS mills have been making billet offers for export at the price level of $1,200-1,220/mt FOB Black Sea. It is also reported that some traders with previously taken positions have been offering billets at lower price levels of approximately $1,180-1,200/mt FOB.