Local Turkish billet prices decrease slightly

Wednesday, 31 July 2019 16:04:12 (GMT+3)   |   Istanbul

Demand in the local Turkish billet market is sluggish, while domestic billet prices have decreased by $5/mt week on week to $430-440/mt ex-works. SteelOrbis has been informed that a deal in the local market has been concluded in the current week for 30,000 mt of billet at $430/mt ex-works.

Although CIS-based producers’ billet offers to Turkey have decreased by $5/mt week on week to $435-440/mt CFR, SteelOrbis has been informed that some traders’ Ukrainian billet offers to Turkey have increased by $5/mt on the lower end week on week to $430-435/mt CFR, for early September shipment.

On the other hand, Turkish mills’ billet export offers have moved sideways week on week to $430-445/mt FOB. Some Turkish mills continue to offer $445/mt FOB, but market sources state that the acceptable price range is $430-435/mt FOB. Even $430/mt FOB Turkey seems high for the North African market when one considers the latest sale from the CIS region to Egypt. As a result, international billet buyers continue to exert pressure on billet offers and Turkey needs to compete against aggressive CIS-origin billet export offers especially in the Middle East and North Africa (MENA) region.


Most Recent Related Articles

Turkish domestic rebar spot prices fall slightly in local currency

Turkish mill Icdas increases it rebar price by TRY 40/mt

Turkish mill Kardemir sells 60,000 mt of rebar

Local Turkish wire rod prices mostly stable

Kardemir’s unexpectedly competitive billet prices attract buyers