It is observed that demand for ex-CIS billet in the international market has been at low levels over the past week. While market sources report that the market has not recovered yet following the Orthodox Christmas, currently active CIS-based billet exporters have reduced their offers by an average of $5/mt week on week to $400-410/mt FOB.
On the other hand, SteelOrbis has been informed that CIS-based billet exporters’ offers to Turkey are currently in the range of $415-425/mt CFR.