Turkish steel billet export offers overshadowed by CIS offers

Last week, Turkish mills' steel billet export offers were above the psychological barrier of $600/mt FOB, more specifically at $605-610/mt FOB.
 
During the previous week, although a small tonnage transaction was concluded at $605/mt, no significant transaction was seen at this price level, which is well above ex-CIS offers at $560-570/mt FOB.
 
Moving to this week, Turkish mills' steel billet export offers have shown some softening to $595-600/mt FOB. While Turkish mills are currently focusing more on the domestic market, market players are not expecting to see robust activity in the export markets, where Turkish offers are overshadowed by CIS offers.