The billet offers from Turkey, Ukraine and Russia have been following the uptrend of scrap prices.
Turkey’s FOB offer grew by US$20～30/ton to US$420～430/ton now, almost same as domestic level. While export price from Ukraine increased to US$380～385/ton FOB and that of Russia also to US$390～400/ton at present.
Scrap price is predicted getting stronger because winter season will, to some extent, hamper the supply of scrap. Consequently, billet price probably continues to go up further.
SOURCE:YIEH