According to market sources, availability shortages still prevail in the Turkish domestic billet market, while Turkish steelmakers have been seeking to increase their outputs by working at full capacities. Meanwhile, local prices have been moving on a stable trend since last week at $535-555/mt ex-works.
On the other hand, CIS billet offers to Turkey are now at $518-535/mt CFR, indicating an increase of $5/mt on the upper end over the same period, with the support of increased import scrap prices. The latest import billet deal has been concluded at $528/mt CFR in the Iskenderun region.
Weekly price movements of different steel products in major markets can be viewed comparatively in the SteelOrbis Historical Steel Prices section. Market trends can thus be seen more clearly, while desired charts can be created and used in reports or presentations.