According to market sources, CIS billet export offers stand at $500-505/mt FOB for January output, indicating a decrease of $10/mt as compared to prices for December production amid softer demand. In addition, market players report that is it also possible to see billet offers at $490-500/mt FOB from traders in the CIS.
In the meantime, CIS billet offers to Turkey are standing at $525-530/mt CFR, declining by $5/mt since last week. However, low demand and slow trading activity in the Turkish rebar market have resulted in a cautious approach among Turkish buyers to import billet purchases.
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.