Recent Turkish billet market remains weak, both domestic and import resources prices were down.

Allegedly, the Turkish imported billet prices decreased from the previous USD 350-355 / ton (CFR) to USD340-350 / ton (CFR). At present, the CIS quoted at USD350-355 / ton (CFR), but because of China’s billet prices fall, buyers have little interest in the CIS resources. Chinese billet offers decreased from USD 325-330 / ton (CFR) to USD 310-315 / ton (CFR), there are no big transactions.

Turkish domestic billet market also fell, ex-factory price decreased from the previous USD 360-365 / ton (CFR) to USD 350-360 / ton (CFR).

                                              XINSTEEL NEWS