The latest billet export offers ex-Turkey are in the price range of $525-530/mt FOB Turkish port for late October shipments.
Since the longs market, contrary to expectations, has not been doing so well, Turkish producers are no longer insisting on the billet offer level of $540/mt FOB. Since the CIS producers' price level is still at $515-520/mt FOB, the Turkish producers may gain a certain advantage.