The price level of St37 Grade 60 billet in the Turkish domestic market is at $1,280-1,300/mt ex-works, on actual weight basis, excluding VAT.
Although there has been a softening in the local Turkish scrap prices, it is observed that the Turkish billet export prices have been maintaining their strength due to the rebar demand. The Turkish producers have been offering billet to the export markets in the price range of $1,300-1,320/mt FOB.