CIS billet offers for export

SteelOrbis has heard that CIS origin St 37 billets are being offered for export at $380-390/mt FOB Black Sea for June shipment. Turkish demand for CIS origin billets was weak at the beginning of the week. However, the market rumors that Turkish mill Isdemir will increase its St 37 billet price to $435/mt on Friday may pick up the demand for import billet. On the other hand, Italian mills concluded recent CIS origin bookings at around $405/mt CFR.