The situation in Türkiye's import market has deteriorated, leading to a noticeable decline in billet prices. Turkish buyers have indicated their preference for prices ranging between $520-525/t CFR, setting a target level. Taking into account freight costs, this price equates to approximately $495-500/t FOB at Russian Black Sea ports.
Meanwhile, demand for Russian billets weakened among importers in Egypt, contributing to a decrease in prices. Demands for billets from Russia decreased from the previously reported level of $560/t CFR to $540/t CFR.
Similarly, Ukrainian exporters adjusted their price strategies according to market conditions. Export offers for Ukrainian-origin -billets at ports such as Rena/Izmail decreased significantly from the range of $530-540/t FOB to $515-530/t FOB.
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