Turkish steel billet prices have remained largely stable over the past week on limited demand, while sentiment turned negative with the latest downturn in scrap prices, market sources told Fastmarkets on Thursday March 11.
Billet producers in the Commonwealth of Independent States (CIS) faced pressure from lower scrap values and rising transportation costs.Turkish steel producers had booked deep-sea scrap cargoes for April shipment at lower prices on March 9, sending the daily scrap indices down...