Domestic billet prices in Turkey have increased by $5/mt on the lower end and by $10/mt on the upper end during the past week and are currently at $530-540/mt ex-works. The upward movement of import scrap prices in Turkey seen as of last week and the increases observed in import billet prices this week have both supported the rises in domestic billet quotations.
Meanwhile, ex-CIS billet offers to Turkey have moved up by $15/mt on the lower end and by $20/mt on the upper end week on week to $515-530/mt CFR. Additionally, SteelOrbis has been informed that an Ukrainian steel mill has concluded billet sales to Turkey this week in the price range of $515-520/mt CFR.