This week a billet deal from Turkey to Saudi Arabia, which is an important market for Turkey's billet exports, has helped shape price levels. The deal for 30,000 mt of grade 60 billet was concluded at the price level of $547/mt CFR Jeddah.
Taking into account that freight costs to Jeddah are approximately $20-25/mt and that billet prices for grade 60 are $12-15/mt higher than prices for grade 40 (i.e., commercial grade), this means ex-Turkey billet offers have declined by $10/mt since last week to $510/mt FOB.
Billet deal from Turkey to Saudi Arabia
Marketplace Offers
Billet
Length: 6 m
Edge Length1: 100 - 150 mm
Edge Length2: 100 - 150 mm
MODERN STEEL MILLS
Length: 6 m
Edge Length1: 100 - 150 mm
Edge Length2: 100 - 150 mm
MODERN STEEL MILLS
Billet
Length: 3 - 6 m
Edge Length1: 100 mm
Edge Length2: 100 mm
SHATTAF STEEL IND. CO. LLC.
Length: 3 - 6 m
Edge Length1: 100 mm
Edge Length2: 100 mm
SHATTAF STEEL IND. CO. LLC.
Billet
Length: 3 - 6 mm
Edge Length1: 125 mm
Edge Length2: 125 mm
SHATTAF STEEL IND. CO. LLC.
Length: 3 - 6 mm
Edge Length1: 125 mm
Edge Length2: 125 mm
SHATTAF STEEL IND. CO. LLC.
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