TURKEY STEEL BILLET: Falling scrap costs, weak demand push billet prices downward

Turkish prices for steel billet have continued to soften over the past week because of limited demand and falling scrap costs, market sources said on Thursday January 28.

Imported scrap prices have been falling in the country, with mills slowing their bookings due to the weak demand for billet and finished steel. Fastmarkets’ daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, was $413.17 per tonne on January 27, down from $439.18 per tonne...

Published

Cem Turken

January 28, 2021

15:05 GMT

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