In Türkiye, domestic billet producers maintained official offers at $540-545/t EXW. The import market also remained quiet despite the availability of multiple origins. Russian billet offers were reported at $495-505/t CFR Türkiye, while Turkish buyers continued to target significantly lower levels of $475-485/t CFR, leaving a wide gap that prevented transactions. Chinese square billet was offered at $515-520/t CFR, but these prices also failed to generate notable buying interest.
In the Black Sea market, Russian billet export prices remained unchanged at $470/t FOB. The stable pricing reflected balanced supplier expectations despite weak demand from key export destinations.
Asian suppliers also kept prices steady. Indonesia's Dexin maintained its billet offer at $470/t FOB; producers preferred to preserve margins rather than compete through discounts in the current market environment.
Chinese export billet prices were unchanged at $458-462/t FOB on July 7. Although inquiries from Southeast Asia and the Middle East increased, Chinese exporters reported that their material lacked a significant price advantage over competing origins. Exporters remained reluctant to lower offers, resulting in only modest trading activity.
In the near term, the billet market is expected to remain under pressure from weak purchasing activity. While suppliers continue to defend current price levels, the persistent gap between buyer expectations and seller offers, particularly in Türkiye, will likely keep trading volumes limited unless demand improves or exporters become more flexible on pricing.
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