Despite the softening seen in ex-CIS steel
billet offers and the pressure coming from ex-Europe steel
billet prices, Turkish
billet prices have not indicated any softening lately.
Steel
billet prices in the Turkish domestic market are standing at $560-575/mt ex-works, while steel
billet prices in the Iskenderun region, from where exports to neighboring countries are made, are above $570-/mt ex-works. While Turkish steel
billet export offers are standing at $560-570/mt FOB, steel
billet offers to the Iranian market are at $580-590/mt ex-works.
Rebar exports to
Iraq and steel
billet exports to
Iran are helping prices to maintain their strength, particularly in Iskenderun, where prices remain a bit higher as compared to the average prices in the Turkish market.