Billet trading in the Turkish iron and steel market accelerated. In the past days, Kardemir has moved in the global markets after the sale of 70,000 tons of logs at the level of 665-670 $ / ton.
Global billet prices increased
The increase in scrap prices and the rise in demand increased the demand for logs. Steel producers' purchases of imported logs were realized at a base price of $650/tonne, while new bids increased to $670/ton.
Turkish billet prices reach $700
The increase in the local log market in Turkey continues. A producer in Iskenderun sold nearly 30,000 tons of billets yesterday at the ex-factory level of 690-700 dollars / ton. Another producer in Istanbul was heard to sell logs at the level of 700 dollars / ton.
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