In Türkiye's import market, the situation has taken a downturn, leading to a discernible decline in prices for billets. Turkish buyers have set a target level, expressing their preference for prices ranging between $520-525/t CFR. When factoring in freight costs, this translates to approximately $495-500/t FOB at Black Sea ports in the Russian Federation.
Meanwhile, demand for Russian billets from importers in Egypt has softened, contributing to a reduction in prices. Requests for billets from Russia have dropped to $540/t CFR, down from $560/t CFR reported just a week earlier.
Similarly, Ukrainian exporters have adjusted their pricing strategies in response to market conditions. Export offers for Ukrainian billets in ports such as Rena/Izmail have seen a notable decrease, sliding from $530-540/t FOB to a range of $515-530/t FOB.
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