Demand in the local Turkish billet market has remained lively over the past week. As a result of the increases recorded in import scrap quotations, Turkish billet producers’ costs have also moved up. Accordingly, they have increased their domestic billet quotations by $25/mt on the lower end and by $30/mt on the upper end week on week to $465-475/mt ex-works. The new price levels are observed to have gained acceptance from buyers, with sales continuing. Meanwhile, SteelOrbis has been informed that shortages are observed in Turkey’s Iskenderun region for semi-finished and finished steel products.
On the other hand, Turkish steel producer Kardemir has opened its domestic billet sales sales for 150 mm x 150 mm S235JR grade billets at the level of TRY 2,370/mt ($455/mt) ex-works, excluding VAT, and has also opened its sales for MT III-A grade billets at TRY 2,400/mt ($461/mt) ex-works, excluding VAT. For now, Kardemir has received orders for a total of 22,000 mt of billet, market sources report.
$1 = TRY 5.21