CIS billet offers for export

SteelOrbis has heard that CIS origin St 37 billets are being offered for export at $380-395/mt FOB Black Sea for late May shipment. It is heard that Middle East countries concluded bookings at $380-390/mt FOB Black Sea port. Italian demand for CIS origin billet started to pick up since the domestic rebar prices in Italian market and the export prices increased. The price gap between Turkish billet and CIS billet is higher; therefore CIS origin billet is acceptable in exports.