According to market sources, CIS billet export offers are standing at $510-515/mt FOB, indicating no changes since last week. Ex-CIS billet transactions have been concluded in the export markets over the past two weeks, while the offers are expected to trend sideways in the coming weeks.
In the meantime, CIS billet offers to Turkey still stand at $525-537/mt CFR, while some ex-CIS billet deals were concluded last week in Turkey's Iskenderun region at the price level of $525-532/mt CFR. The sideways trend of import scrap prices has prevented the upward revision of import billet offers.
Weekly price movements of different steel products in major markets can be viewed comparatively in the SteelOrbis Historical Steel Prices section. Market trends can thus be seen more clearly, while desired charts can be created and used in reports or presentations.