According to market sources, traders have started to give
wire rod and
billet offers from
China to
Turkey over the past week. Ex-China drawing quality
wire rod deals to
Turkey for late June shipments have been concluded at $540/mt CFR, while deals for the same product for early July shipments have been closed at $555/mt CFR. Meanwhile, ex-China
billet offers for
Turkey are standing in the range of $515-520/mt CFR
Turkey. Additionally, it is reported that one Chinese producer has concluded a deal for high carbon
billet to
Turkey at $515/mt CFR.