SteelOrbis has been informed that
billet prices in the Turkish market have decreased by $10/mt over the past week to $520-535/mt ex-works. Even though the tightness in
billet supply has continued in the Turkish market, prices have softened due to the weak demand situation, to which the fluctuations seen in rebar prices have contributed.
Meanwhile, ex-CIS
billet offers to
Turkey are at $510-520/mt CFR. Buyers have started negotiations with suppliers for lower prices. On the other hand, no new
billet transaction has been heard since last week.