Domestic billet deal prices in Turkey’s Iskenderun region have continued to rise in line with the general uptrend in the raw material and finished steel segments, but also due to a certain lack of supply from local producers. According to sources, a mill has closed a deal for 10,000 mt at $550/mt ex-works Iskenderun, while earlier this week a similar volume was booked at $540/mt ex-works. The supplier’s new offers are reported at $560/mt ex-works.
In the import segment, offers from the CIS remain largely within the $530-540/mt CFR range depending on the supplier, but most sellers are aiming to get deals at the higher end of the range, SteelOrbis understands. Early last week, 50,000 mt of billet were sold to Turkey from Qatar at $510/mt CFR. Moreover, it is said that another similar cargo is under discussion, but at a higher level.