CIS billet offers for export increase

SteelOrbis has heard that CIS origin St 37 billets are being offered for export at $420-430/mt FOB Black Sea for late July shipments. Offers indicate an increase compared to last week. There are no Turkish billets available for export with the rapid rise in domestic billet prices. This situation creates an advantageous position for CIS origin billet both in Mediterranean and Middle East. Some major producers indicate that they may raise their prices above $430/mt FOB Black Sea in the coming days.