According to Mining News Pro - Rising global billet export offers and Turkey’s imported scrap prices have managed to keep billet market sentiments alive in the region, even in this trade absence week. Although, no hike in Turkey’s imported scrap prices were seen this week amid winter holidays in Europe and US.

Assessment for billet import offers in SE Asia is at USD 445-450/MT, CFR, up USD 5/MT against last week.

Billet export offers from Iran to Thailand were reported around USD 430/MT, CFR basis.

Billet export offers from CIS witness further rise - This week, billet export offers from CIS nations, rose marginally and is standing at USD 405-415/MT, FoB Black Sea, up USD 5-10/MT, against last week. Billet export market sentiments of the country are reported strong.

Vietnam domestic billet offers remain stable- Domestic billet offerings from the country is at USD 420/MT, EXW, identical as last week.

Assessment for US-origin HMS (80:20) now stands at USD 300/MT, CFR Turkey, identical as last week.