Turkey’s interest in billet imports moderate

Thursday, 26 November 2020 17:23:55 (GMT+3)   |   Istanbul
       

While being active in terms of the domestic billet restocking within the past couple of weeks, Turkish mills remain interested in imports as well. According to sources, one of the buyers booked a total of 25,000-30,000 mt from Ukraine at around $485-490/mt CFR at the end of last week. This week a small ex-Russia cargo for January shipment has been sold at $499/mt CFR Aliaga. “We are getting close to $500/mt CFR now. Scrap is strong and there is certain lack of billet,” a trader told SteelOrbis.

Sources say that in the Iskenderun region offers are at $510-520/mt ex-works while earlier the deals were fixed at $500/mt ex-works. No local offers are there in the Izmir region. In the Karabuk region Kardemir is out of the market after having sold huge volumes at $495-499/mt ex-works. Another producer, based in the same region, has sold its January volumes to Marmara at $460/mt ex-works last week, sources say.


Similar articles

No halt to downtrend in SE Asia’s import billet market, more traders going short

28 Mar | Longs and Billet

Ex-Asia billet offers become more affordable in Turkey, market slightly optimistic

27 Mar | Longs and Billet

Ex-India billet prices stable, but buyers try to push below $490/mt FOB

27 Mar | Longs and Billet

Ex-ASEAN billet sales continue at low prices, China turns negative again

26 Mar | Longs and Billet

Global View on Billet: Better sentiments, suppliers fail to achieve higher deal prices so far

22 Mar | Longs and Billet

Turkey’s Kardemir issues planned sales volumes for April-June

22 Mar | Steel News

Import billet prices in SE Asia hit new low, trend reversal anticipated

21 Mar | Longs and Billet

Domestic billet sales livelier in Turkey, import price range narrows amid limited allocation

21 Mar | Longs and Billet

Ex-India billet sellers ready to accept lower prices to push sales amid weak local conditions

20 Mar | Longs and Billet

India’s RINL floats export tender for 30,000 mt billet for end-April shipment

20 Mar | Longs and Billet