It is observed that demand in the local Turkish billet market has remained at low levels over the past week. Market sources state that the ongoing volatility of the Turkish lira-US dollar exchange rate as well as the negative economic circumstances in Turkey are making buyers in the local Turkish billet market cautious, causing them to maintain their wait-and-see stance. On the other hand, higher import scrap prices in Turkey have increased Turkish mills’ production costs. As a result, they have increased their domestic billet offers by an average of $10/mt week on week to $480-485/mt ex-works.