During the past week, demand for ex-CIS billet in the export markets has remained at low levels, while ex-CIS billet prices have moved sideways in the range of $320-335/mt FOB.
Meanwhile, the rising trend of Chinese billet prices has continued this week and ex-China billet quotations are currently at $335-345/mt FOB. Billet suppliers in the CIS region are expected to increase their export offers in the short term against the backdrop of the rises seen in Chinese billet quotations.