CIS STEEL BILLET: Prices rise as mills eye uptrend in Turkish market

Prices in the Commonwealth of Independent States’ export market for steel billet moved up on Thursday October 21 amid rising scrap and domestic billet prices in Turkey, which added to the positive expectations among sellers.

Fastmarkets’ calculation of its daily index for steel scrap HMS 1&2 (80:20 mix), north Europe origin, cfr Turkey, was $497.04 per tonne on Thursday, unchanged day on day but up by $17.72 per tonne week on week.

Higher import scrap prices pushed up domestic billet prices in Turkey. Deal prices for locally...


Vlada Novokreshchenova

October 21, 2021

17:15 GMT