Will supply issue or buyers’ attitude shape CIS billet export prices?

SteelOrbis has been informed that ex-CIS billet offers are still at $495-505/mt FOB, indicating no change since last week. Meanwhile, due to maintenance works, an important billet supplier in Ukraine has a lack of materials in its stocks, pointing to possible availability shortages in the region. However, global buyers have remained cautious about concluding new deals from the country due to ongoing political tensions and instead they have intensified their negotiations on ex-CIS offer prices, leading CIS billet export offers to trend sideways for now.