Ex-CIS billet export offers

In the CIS steel billet market, which witnessed reduced activity due to the holiday last week in the Turkish and Middle Eastern markets, some of the producers, having largely filled their order books for December production, have now started to offer for January shipments. While mainstream offer levels from the CIS for 3SP-5SP grade steel billet are currently standing in the price range of $560-565/mt FOB, producers and traders are expected to determine their strategies according to developments in the Turkish and Middle Eastern markets.