Ex-CIS billet export offers

The price levels of CIS traders vary in their billet export offers. While offers given to the Far East markets remain higher, Russian producers’ billet offers to the Iranian market are still firm. SteelOrbis has been informed that 3SP-5SP grade steel billet offers given by CIS traders to the global market have risen to the levels of $535-550/mt FOB, while Ukrainian producers’ billet offers stand at $535-540/mt FOB. However, offers below this level were last week given by Ukrainian traders.