Turkish mills'
billet prices have been trending sideways for quite a while now, while there is no sign of a price softening thanks to transactions to both domestic and foreign markets. There have not been any volumes available below $570/mt ex-works, with the price of
billet in this week's domestic sales at $575/mt ex-works. Besides, SteelOrbis has learned that an ex-
Turkey billet transaction was concluded this week at $570/mt FOB.
On the other hand, demand coming from
Iran for Turkish
billet has increased lately and, given that steel
billet sales via letters of credit are now possible between
Turkey and
Iran, it is thought that Turkish steel
billet will maintain its current price levels for some time more.