SteelOrbis has been informed by market players that
billet prices in the Turkish domestic market are currently ranging at $520-530/mt ex-works, indicating no changes since last week. Meanwhile, CIS
billet offers for
Turkey can be found at $508-510/mt CFR, though Turkish buyers' asking prices are standing at $500/mt CFR or below. In the meantime, as some steelmakers in
Turkey's Iskenderun region have started overhaul works, buyers in the region have postponed their purchases, while despite low demand prices have not indicated any decreases due to the short supply.
On the other hand, Turkish
billet export offers standing at $520-525/mt FOB, while demand for Turkish
billet on the export side is sluggish. In addition, CIS
billet export offers have declined to $485/mt FOB this week, making it impossible for Turkish suppliers to compete with CIS
billet export offers.