Demand for ex-CIS billet still slack in Turkey

According to market sources, ex-CIS billet offers to Turkey have declined by $5/mt on average during the past week to $315-320/mt CFR, for October shipment. Market players state that, although Chinese billet offers have remained stable at $295-300/mt CFR, CIS billet suppliers have had to reduce their prices for Turkey due to the declines in import scrap prices to $215/mt CFR Turkey. However, demand for ex-CIS billet is still slack in Turkey and no new deals have been heard yet.