Turkish
domestic billet market gradually strengthened, ex-factory price of USD380-390 /
ton. Imported price of billet relatively high in this days and price of scrap
increasing. But in view of domestic demand of rebar remained sluggish and and
exports still weak, billet buyers still cautious.
Currently,
CIS billet offers of 370-375 US dollars / ton (CFR), price of Chinese billet of
about US $ 355-360 / ton. Compared to CIS billet has some competitive
advantage.
Market
participants said scrap steel prices trend and steel demand will determine the
future of
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