According to market players, local
billet prices in the Saudi Arabian market have moved on a sideways trend since last week at $570/mt delivered. Meanwhile, import
billet offers to the country have not shown any changes either during the past week. Accordingly, Turkish
billet offers to Saudi Arabia are still standing at $575/mt CFR, while CIS
billet offers for the same destination can still be found in the range of $538-570/mt CFR.
Saudi buyers consider ex-
Turkey billet offers to be on the high side, while they have continued to book CIS
billet in the above price range since last week.