According to market sources, CIS mills' billet export offers for January outputs are ranging at $505-510/mt FOB, indicating no changes since last week. Meanwhile, some ex-CIS deals for small volumes have been concluded in the Middle East and North Africa at the price level of $507/mt FOB Black Sea.
In the meantime, CIS billet offers to Turkey are now standing in the range of $525-535/mt CFR, moving up by $10/mt since last week on the back of increased freight costs. No import deals have been heard in the Turkish market yet, while buyers prefer to wait for now.
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