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Lower scrap prices, poor demand push Turkish billet export prices down $15

February 09, 2012 - 11:42 GMT Location: London

KEYWORDS: Turkey , billet , billet exports , billet prices

Lower ferrous scrap costs from US and European suppliers have led Turkish billet exporters to reduce their prices by $15 per tonne, according to Turkish market participants.

HMS 1&2 (80:20) has been sold this week at $415-425 per tonne cfr Turkey, down by $15 per tonne from $430-440 cfr last week. Weak demand for billet and rebar has slowed down scrap purchasing this week, Metal Bulletin was told. Most mills...

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Carbon Steel Long Products

May 24, 2012 17:43 ArcelorMital discusses anti-pollution policy, plans more high-strength steel research
May 24, 2012 17:23 Local billet prices in Turkey hold steady for second week
May 24, 2012 17:05 Turkish domestic rebar prices steady on buyer hesitation
May 24, 2012 14:55 Turkish merchant bar prices unchanged but face rising pressure
May 24, 2012 11:01 CHINA STEEL WRAP: Spot rebar prices down on market weakness

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