CIS origin billet offers for export

SteelOrbis has been informed that billet offers given from the CIS are currently in a range of $390-410/mt FOB for late August/early September shipments. Price levels have decreased by $10-15/mt as compared to last week. However, it is thought that those offers will be accepted with difficulty by the rebar mills in particular, as rebar prices have been on a softening trend in the markets to which the CIS exports billet.