Demand on weak side in Turkish billet market

Wednesday, 02 July 2014 14:22:41 (GMT+3)   |   Istanbul
       

According to market sources, producers' billet prices in the Turkish domestic market have softened by $5/mt since last week and are now at $515-520/mt ex-works. Demand in the Turkish domestic billet market has been weak due to lower transaction activity in the finished products market. Buyers are targeting a billet price range of $505-510/mt ex-works, but billet producers cannot offer the targeted prices due to higher raw material costs.
 
On the other hand, ex-CIS import billet deals to Turkey have been heard in the range of $501-505/mt CFR this week. Turkish buyers, who have been bargaining with CIS billet traders since last week, have succeeded in obtaining the discounts they were seeking.

Similar articles

Turkey’s Kardemir issues planned sales volumes for April-June

22 Mar | Steel News

Iran’s steel exports up 7.6 percent in first 11 months of Iranian year

20 Mar | Steel News

Ex-Turkey official merchant bar prices soften

01 Mar | Longs and Billet

Ex-China billet most competitive in SE Asian billet market amid lower futures prices

22 Feb | Longs and Billet

Italy’s Feralpi Group to meet construction sector’s carbon-reduced rebar demand

20 Feb | Steel News

Local Indian rebar trade prices improve slightly, but fundamentals still negative

20 Feb | Longs and Billet

India’s RINL floats export tender for 15,000 mt of rebar for April delivery

20 Feb | Longs and Billet

India’s RINL floats export tender for 30,000 mt of billet

20 Feb | Longs and Billet

China comes back from long holiday with mixed signals

19 Feb | Flats and Slab

Billet offers in SE Asia limited, fall of around $5-10/mt expected from next week

15 Feb | Longs and Billet