Billet exports have reduced in international market. On account on this, both exports prices and offers in domestic market witness a downward trend.
Turkey: Billet suppliers in Turkey are quoting Billet exports prices at US $520-530/MT FOB. Offers reduce for domestic buyers by US $10/MT to US $520-535/MT (Ex works prices).
Currently, Billet is being quoted at US$ 555-560/MT CFR Egypt. Importers in Turkey are being offered Billet at around US$525 CFR Turkey from CIS exporters.
CIS: Billet suppliers in CIS are offering Billet in the range of US$505-515/MT FOB.
Exports offers to buyers in UAE domestic market drop by US$10-15/MT in two weeks time and stand at around US$555-565/MT CFR.
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