No improvement in local Turkish billet market

Tuesday, 20 January 2015 16:54:00 (GMT+3)   |   Istanbul
       

According to market sources, prices in the local Turkish billet market are currently in the range of $450-465/mt ex-works. Demand in the local Turkish billet market has showed no improvement over the past week, while it has been heard that regular purchases of 2,000-3,000 mt of billet have been concluded in the local market. However, besides that, transaction activity has failed to improve.

On the other hand, an ex-China deal has been heard in Turkey for nearly 40,000 mt of billets at approximately $410/mt CFR. If the ex-CIS billet deal concluded last week is taken into account, it may be said that prices in the Turkish import billet market are currently in the range of $410-415/mt CFR.


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