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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...

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