TURKEY STEEL BILLET: Prices up on costlier scrap, tight supply in CIS

Steel billet prices in the Turkish markets have increased over the past week because of rising scrap costs, sources told Fastmarkets on Thursday October 17.

Fastmarkets’ weekly price assessment for steel billet, import, cfr main port Turkey was $365-380 per tonne on Thursday, up from $360-365 per tonne a week earlier. Billet producers in the Commonwealth of Independent States (CIS) raised their export offer prices this week due to reduced availability and in response to the higher cost of scrap. The move came...

Published

Cem Turken

October 17, 2019

17:15 GMT

Mugla