Given the higher levels of billet prices compared to rebar prices in the Turkish domestic market, currently there is no definite price level for billet, although it is thought that the mainstream price is around $390/mt ex-works. However, considering that Turkish market billet prices are being mentioned at TRY 820/mt for thick materials and at TRY 830/mt for thin materials, both including VAT, current billet prices are judged to be at high levels for rolling mills operating in the local market.
On the other hand, it is heard that Brazilian origin billet is being offered to the Arabian Peninsula in the range of $405-410/mt C&F Gulf ports.