CIS billet offers for export

SteelOrbis has heard that CIS origin St 37 billets are offered for export at $425-435/mt FOB Black Sea for August shipments. Prior to Turkish mill Isdemir's price announcement, offers to Turkey had increased to $440-445/mt FOB Black Sea. However, these offers were a bit too high after billet price announcement of Isdemir at $460/mt. Although, there are still offers at $440/mt FOB Black Sea ports, overall offers to Iskenderun and Izmir, Turkey ports are at around $450/mt CFR. There are offers at around $460/mt CFR for Italy. However, Italian customers are not showing interest to these levels since shipments coincide with holiday period. Furthermore, the appreciation of US Dollar against Euro impacts the purchasing decision of rolling mills negatively.