TURKEY STEEL BILLET: Falling scrap costs, limited demand drag down prices

Billet prices in Turkey have gone down over the past week thanks to falling imported scrap costs and limited demand, market participants told Fastmarkets on Thursday August 26.

Turkish steel producers' demand for imported scrap has been limited in recent weeks.
The most recent deep-sea scrap trade was recorded on Wednesday August 25, when a steel mill in the Iskenderun region booked a Belgian cargo comprising 22,500 tonnes of HMS 1&2 (80:20) and 12,500 tonnes of bonus at an average price of $450 per tonne cfr.

The HMS 1&2 (80:20) price of...

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