According to market sources, Turkish producers' domestic
billet prices have increased by $10/mt on the lower end week on week to $420-430/mt ex-works, against the backdrop of the strengthening of the US dollar against the Turkish lira, though demand is still weak. Turkish long steel producers are showing more interest in Chinese
billet offers which are cheaper than locally produced billets. Chinese
billet offers are currently in the range of $360-365/mt CFR, while one Chinese
billet producer has concluded a sale to
Turkey for 20,000 mt of
billet $360/mt CFR.