It is reported that Russia is offering US$360/ton c&f for 5SP billet to the Philippines in order to gain more orders, but the purchasers are still waiting and seeing for a lower price.
Besides, this low price is nevertheless unacceptable for Taiwanese mills because it’s around NT$$400~600/ton higher than domestic price.
Taiwanese buyers may remain unmoved even though the import price decreases to c&f US$340/ton because they have to suffer high crisis due to current very unstable TWD exchange rate. Source: Yieh.com