Ukrainian origin billet export offers

Ukrainian origin 3SP/5SP grade billet offers have not yet gained clarity after the long holidays in the country. Although it was expected that price levels would be at the range of $430-440/mt FOB after the holidays, by the middle of this week Ukrainian producers' offers are at the level of $450/mt FOB. Due to the rising prices of raw materials in global markets, Ukrainian producers are expected to make adjustments for their February prices.