Turkish domestic billet market starts the week with a decline

Monday, 20 May 2013 17:03:51 (GMT+3)   |   Istanbul
Billet prices in the Turkish domestic market have softened by $5/mt as compared to last week to $525-535/mt ex-works, while a local mill has sold billet this week at the price level of $525/mt ex-works.

On the other hand, Turkish billet export offers have remained stable at $520-530/mt FOB, though purchasing activity for Turkish billet in the foreign markets has remained sluggish due to the ongoing declines in the ex-CIS billet offers, which are currently standing at $490-500/mt FOB.

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.


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