SteelOrbis has heard from market insiders that the CIS mills' billet export offers have remained unchanged since last week at $525-535/mt FOB Black Sea ports for shipments in March. Meanwhile, it is heard that a Ukrainian producer has concluded a billet deal in the Far East at $535/mt FOB for March shipments.
Ex-CIS billet offers are expected to remain at current levels next week. As Turkish rebar producers have been seeking to increase their prices, market players in the CIS are not inclined to reduce their billet offer prices.