According to market sources, Turkish producers' domestic
billet prices have remained unchanged over the past week at $320-340/mt ex-works, excluding 18 percent VAT and for October delivery. Turkish
billet suppliers state that buyers' firm bids are at $300-310/mt ex-works and no new sales have been concluded since last week. Turkish producers have not accepted buyers' firm bids yet since they prefer to maintain a wait-and-see approach before the November 1 general election in
Turkey. Meanwhile, ex-China
billet prices for
Turkey are at $275/mt CFR, while ex-CIS
billet prices for the same destination are at $285-290/mt CFR.