Copying and distributing are prohibited without permission of the publisher

CIS billet producers fail to secure $20 increases in offers to Turkey

February 05, 2010 - 13:51 GMT Location: London

KEYWORDS: ferrous scrap , billet

Turkish re-rollers and traders reject $20 per tonne increases in offer prices from Russian and Ukrainian producers due to weak demand for finished products.

CIS billet offers have been quoted at $480-490 per tonne cfr Turkey for February production and delivery. Buyers have rejected the higher offers due to sluggish domestic and export demand for rebar, wire rod...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.


subscribe to this feed Comment & analysis

  • COMMENT: Keep calm and carry on?

    The decision of the Indonesian government last week to uphold the ore export ban and taxes from May 6 has failed to calm the nervous market. So far, both producers and buyers have displayed an impressive tolerance level to the export uncertainty. But how long will their patience last?

  • TREVOR TARRING: The baby and the bathwater

    “Don’t throw out the baby with the bathwater” is a well-known adage.

  • MAN OF STEEL: The only way is down

    Bleak news wherever we look. We see examples of low prices for all steel products being achieved in China, India, Brazil, the USA and Europe. The Russian market is weak and the CIS mills are now eyeing all export markets to get rid of serious tonnage.

Upcoming Events