According to market sources, in recent weeks the local Turkish
billet market has been quiet in terms of price movement and transaction volumes, while prices have remained almost unchanged over the past week in the range of $380-390/mt ex-works. A major domestic steel producer based in the Iskenderun region is having trouble continuing its long steel production due to tightness of
billet availability in the given region.
There are rumors that another steel producer in Iskenderun has concluded an ex-China deal for 30,000-35,000 mt of billets at $335/mt FOB in response to the low
billet supply, while another buyer has concluded an ex-CIS
billet deal at $380-385/mt CFR Aliaga. Currently, ex-CIS
billet offers are in the range of $360-365/mt FOB, while no new deals have been concluded at these levels. While buyers are negotiating for lower prices, the CIS-based
billet suppliers are seeking to maintain a firm stance on their prices, trying to keep them above $380/mt CFR.