Ex-CIS billet offers for Turkey continue their gradual decline

Thursday, 30 May 2013 16:50:01 (GMT+3)   |   Istanbul
According to market sources, ex-CIS billet offers have softened by $5/mt in the past week to $485-495/mt FOB. Meanwhile, a Ukrainian producer has sold billet to Egypt at the high price of $500/mt FOB.

On the other hand, ex-CIS billet offers for Turkey have maintained their gradual downtrend. This week, billet offers from the CIS to Turkey are heard at levels of $500-510/mt CFR, following some transactions concluded at $510-512/mt CFR last week. Expectations for a further price softening have prevented buyers from rushing to conclude purchases.

Weekly price movements of different steel products in major markets can be viewed comparatively in the SteelOrbis Historical Steel Prices section. Market trends can thus be seen more clearly, while desired charts can be created and used in reports or presentations.   


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