Russian billet price picks up; sales to Turkey come to light

The export steel billet price from Russia picked up at the end of the week to Friday May 27 after several cargoes were heard sold to Turkey at higher levels, sources told Fastmarkets.

Sources attributed Turkish consumers' willingness to accept higher billet prices to higher prices in the local scrap market and a rise in rebar prices, both domestically and in export markets.

Published

Vlada Novokreshchenova

May 27, 2022

16:23 GMT

Dnipro