During the past week, demand for ex-CIS billet has remained at low levels, while CIS-based suppliers' billet offers to the export markets have increased by $5/mt on the lower end week on week to $405-420/mt FOB against the backdrop of the ongoing strength of global scrap quotations.
As a result, ex-CIS billet offers to Turkey have reached $420-435/mt CFR over the past week. However, Turkish steel producers consider this price range to be on the high side and prefer to meet their needs from local suppliers.
In Egypt, another important target market of CIS-based billet exporters, demand for ex-CIS billet is currently at very low levels. Market sources state that Egyptian buyers are purchasing billet from Middle Eastern suppliers due to the latter's more attractive prices. Meanwhile, the latest ex-CIS billet offers to Egypt are at $420-425/mt CFR.
Demand for ex-CIS billet remains at low levels
Marketplace Offers
Billet
Length
6 m
Edge Length1
100 - 150 mm
Edge Length2
100 - 150 mm
Tedarikçi
MODERN STEEL MILLS
Billet
Length
3 - 6 m
Edge Length1
100 mm
Edge Length2
100 mm
Tedarikçi
SHATTAF STEEL IND. CO. LLC.
Billet
Length
3 - 6 mm
Edge Length1
125 mm
Edge Length2
125 mm
Tedarikçi
SHATTAF STEEL IND. CO. LLC.