CIS-based suppliers'
billet export prices have fallen by $10/mt on the lower end week on week and are currently at $370-390/mt FOB.
Meanwhile, ex-
CIS billet offers to
Turkey have also declined, falling by an average of $5/mt during the past week to $390-410/mt CFR. On the other hand, Turkish buyers' firm bids for ex-
CIS billet are now mostly at $380-385/mt CFR following the declines recorded in ex-
CIS billet quotations.
Additionally,
CIS-based suppliers'
billet offers to
Egypt, another important export market for ex-
CIS billet, have moved down by an average of $5/mt week on week to $395-400/mt CFR. However, market sources state that Egyptian buyers are still purchasing
billet from the
CIS region only in line with their needs.