CIS billet export offers are currently in the price range of $530-540/mt FOB Black Sea for late May shipments.
Currently, CIS billet exports are not particularly active. CIS offers have decreased slightly. It had already been expected that the CIS mills would make a small correction to their prices in order to counteract Chinese offers. The CIS mills seem to be trying to block Chinese offers of $540-550/mt CFR in the Mediterranean and the Middle East.