Turkish steel billet prices have fallen sharply in all markets over the past week because of the recent downturn in ferrous scrap import values, sources said on Thursday February 6.
Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, was $259.76 per tonne on Thursday, down from $272.52 per tonne a week before.Billet suppliers in the Commonwealth of Independent States (CIS) region have reduced their offers for Turkey to $400-410 per tonne cfr. But customers in...