Domestic
billet prices in
Turkey have remained unchanged during the past week at $410-430/mt ex-works, while demand in the local Turkish
billet market has remained at low levels in the same period as buyers have maintained their cautious stance as regards concluding new purchases. However,
billet supply volumes in
Turkey have declined amid the ongoing power outages in industrial regions in the country and due to buyers focusing on finished steel sales instead of
billet sales. As a result, Turkish steel producers have been able to keep their domestic
billet quotations stable in the past seven days.
Meanwhile, import
billet offers to
Turkey have also moved sideways week on week at $405-445/mt CFR. Market sources state that no new import
billet deal has been heard in
Turkey this week.