Revision in ex-CIS billet offers

Market sources confirm that ex-CIS billet offers have decreased by $10/mt as compared to early this week to $355-360/mt FOB, amid slack billet demand from the foreign markets. Turkish buyers still view purchases of scrap as being more advantageous and so are not so interested in concluding billet deals, while buyers who think the above price range is on the high side may start to show interest in ex-CIS billet offers when prices decline to $350/mt CFR Turkey.