CIS billet offers for export

SteelOrbis has heard that CIS origin St 37 billets are being offered for export at $400-405/mt FOB Black Sea for July shipments. Offer levels do not indicate any change compared to last week; however, it is heard that buyers in Europe and Middle East are active. If the buyers in these regions accept these offers, billet prices may increase further. Buyers in Turkey are not active in their purchases nowadays since the price gap between local billet prices and import billet prices is narrow.