Despite the decrease in the value of the ruble and the fall in demand in the Chinese market, Russian producers have raised the prices of their export billets. Russian billet for delivery in September is offered at a price of 455 to 470 dollars per ton FOB Black Sea.

‎In the Turkish market, the price of billet from CIS countries has reached about $460 CFR, which compared to the past two weeks shows increase in prices. Also, in Egypt, the price of imported billet traded at $495 CFR (equivalent to $460 FOB). ‎

‎ ‎‎ This happened while decrease in the value of the national currency and the recession in the consumer markets usually reduce prices, but Russian producers  preferred to maintain or raise prices, despite undesirable economic conditions.‎