SteelOrbis has learned that steel producers from the CIS are currently offering July production 3SP-5SP grade steel billet to export markets in the price range of $680-685/mt FOB, increasing by $30/mt as compared to last week due to steel billet supply shortages.
SteelOrbis has heard from market sources that traders, who are not currently giving any offers, are expected to return to the market with offers lower than the producers' prices.