Ex-CIS billet offers still trend sideways as year draws to close

Last week, ex-CIS January production 3SP-5SP steel billet export offers were standing at $595-600/mt FOB on actual weight basis, for February shipments. Moving to this week, these offers have remained unchanged.
 
Approaching the end of the year, buyers in the export market are delaying their steel billet purchases to January. Accordingly, demand has remained silent this week.
 
However, sources have told SteelOrbis that CIS producers are expecting demand to revive after the New Year holiday.