Russian steel exports have faced significant challenges due to logistical hurdles. Medium-sized mills in Russia are reportedly reluctant to export billet amid current prices from China and Asia.

Market participants indicate that firm negotiations are taking place for about 15,000 tonnes of billet from the Donbas region at $485/tonne CFR Turkey, translating to around $465-470/tonne FOB Black Sea. These logistical issues have driven Russian steel away from exports, impacting the overall market dynamics.