TURKEY STEEL BILLET: Limited supply, firm scrap costs push prices up again

Turkish steel billet prices have increased sharply this week due to rising imported scrap costs and tightening supply, sources said on Thursday December 10.

Steel billet exporters from the Commonwealth of Independent States (CIS) have continued to raise their offer prices for Turkish customers, which now stand at $550-560 per tonne cfr compared with last week's $520-530 per tonne.
The Turkish customers, however, were not bidding any more than $535 per tonne cfr.
Fastmarkets' weekly price assessment for steel billet, import, cfr main port Turkey, was $535-550 per tonne on December 10, up from last week's $505-520 per tonne.

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