The latest billet export offers ex-Turkey are in a price range of $720/mt and above, FOB Turkish port, for April shipments.
Turkish producers have started to increase their prices along with the CIS producers due to the upward trend in iron ore. However, no new sales have been heard so far at the new price levels. On the other hand, the local price level in the Turkish billet market is at $700-720/mt ex-works.