Ex-CIS billet and rebar offers - week 35

SteelOrbis has learned from market sources that billet export offers from traders in the CIS have indicated a decrease of $5/mt on the higher end of the price range since last week to $555-560/mt FOB for October shipments. Most European steel mills, which are still on their summer holidays, are expected to return with more aggressive offers to the export markets, where demand has remained on the weak side.
 
On the other hand, CIS mills' rebar export offers are standing at $595-605/mt FOB for deliveries in October.