TURKEY STEEL BILLET: Prices set to fall on weakening scrap values

Turkish steel billet import prices fell slightly over the past week on the back of weakening scrap costs, and domestic and export billet prices are expected to follow suit soon, sources said on Thursday January 16.

Fastmarkets’ weekly price assessment for steel billet import, cfr main port Turkey, was $410-415 per tonne on Thursday, narrowing down from $410-420 per tonne last week. Steel billet suppliers in the Commonwealth of Independent States (CIS) reduced their offer prices to Turkey to as low as $415 per tonne cfr, down from last week’s minimum of $420 per tonne cfr. Turkish buyers were bidding $410 per...

Published

Cem Turken

January 16, 2020

16:07 GMT

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