Turkish domestic and export prices for steel billet have gone down over the past week in line with weakening rebar and scrap prices, while billet import prices have gone up because of positive sentiment in the CIS market, sources said on Thursday May 17.
Domestic billet prices in Turkey have weakened with mills reducing their offers for the material under pressure from the falling rebar and scrap costs.Metal Bulletin's weekly price assessment for domestic billet was $530-535 per tonne ex-works on May 17, down from the $535-540 per tonne of last...