Ex-CIS steel billet offers increase in line with Turkish billet offers

In the week before last, the steel billet export offers of CIS producers and traders were standing at $555-560/mt FOB on actual weight basis for advance payments. However, due to increases seen both in scrap prices and in Turkish mills' steel billet offers, this price level is no longer seen in the market.
 
Instead, last week ex-CIS December production 3SP-5SP steel billet offers increased to $575-580/mt FOB for January shipments.
 
In the meantime, CIS producers state that, due to the improved billet demand observed lately, billet availability is limited for January shipments, and that they will soon begin to accept orders for February shipments.