According to market sources,
billet offers from
Turkey to Saudi Arabia can be found at $575/mt CFR, while CIS
billet offers for the same destination are at $540/mt CFR. Turkish
billet offers are considered to be on the high side by Saudi buyers and so demand for these offers has remained limited.
In the meantime, in the first quarter of the current year
billet imports arriving in Saudi Arabia from
Turkey amounted to 73,381 mt, with the Saudi market ranking ninth in terms of volume among
Turkey's main
billet export destinations in the given period.