According to market sources, since last week ex-CIS billet offers have softened by $5/mt on the high end to $490-500/mt FOB. Market sources state that most CIS billet producers have completed their sales for June production and have started to give offers for July production, while they do not want to reduce their prices below $490/mt FOB.
Following the Dragon Boat Festival (ended June 2) in China, ex-China billet offers are expected to return to the market and shape ex-CIS billet offers to the Middle East and North Africa for July production. Last week, billet offers from China to the export markets were at $480/mt FOB on average.
Ex-CIS billet offers
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.