CIS origin 3SP-5SP billets are currently being offered for export at around $485-500/mt FOB Black Sea for December shipments.
The CIS producers have almost completed all their sales for November shipments. The Far East market is still strong, while the Mediterranean and the Middle East markets have remained sluggish. The Russian producers have been concluding sales mainly to the Far East and Iran.
The latest deal concluded from Ukraine to Turkey was at $514/mt CFR Iskenderun port.