CIS billet offers for export

SteelOrbis has heard that St 37 billets ex-CIS are being offered for export at around $340-345 FOB. Turkish rolling mills are not willing to buy billets at these levels. Moreover, since the CIS billet offers have increased this week and that the price gap between CIS billets and Turkish billets has narrowed, demand for Turkish billets, the market of which has long been calm, has started to increase.