TURKEY STEEL BILLET: Rising scrap costs, tight supply in CIS push up billet prices

Turkish steel billet prices have increased over the past week in line with rising scrap costs and tightening supply in the Commonwealth of Independent States (CIS) region, sources said on Thursday July 23.

Fastmarkets’ weekly price assessment for steel billet, import, cfr main port Turkey, was $395-405 per tonne on Thursday, up from last week’s $380-390 per tonne.

The suppliers in the CIS region raised their...


Cem Turken

July 23, 2020

15:00 GMT