TURKEY STEEL BILLET: Rising scrap costs push all prices upward

Turkish domestic, export and import prices for steel billet have all gone up over the past week on increasing scrap costs and strong demand, sources told Fastmarkets on Thursday November 19.

Suppliers in the Commonwealth of Independent States (CIS) raised their billet offers to Turkish customers by around $30-45 per tonne to $465-480 per tonne cfr, with one deal being made around $460 per tonne cfr early in the week.

As a result, Fastmarkets’ weekly...


Serife Durmus

November 19, 2020

17:27 GMT