Ex-CIS billet offer prices move up

SteelOrbis has heard from market insiders that CIS mills' billet export offers have firmed up by $10/mt since last week to $535-545/mt FOB for shipments in March, while some deals at $535/mt FOB Black Sea have been concluded. Market sources state that demand for ex-CIS billet in the export markets has remained strong and new deals will likely be concluded in the coming period.