9,193.69 TL BIST 100 BIST 100
€33.89 EUR EUR
4.37 CNY CNY CNY
31.30 $ USD USD
0.13 CNY CNY/EUR CNY/EUR
44.87 TL Interest Interest
82.24 $ Fossil Oil Fossil Oil
22.71 $ Silver Silver
3.84 $ Copper Copper
115.84 $ Iron Ore Iron Ore
392.00 $ Ship Dismantling Ship Dismantling
2,060.77 TL Gold (gr) Gold (gr)

Turkey's imported billet prices decrease

Turkey's imported billet prices have been decreasing since last week.

Turkey's imported billet prices decrease

Turkey's imported billet prices have weakened due to the downward trend in the domestic market, but they do not appear to be sufficient for purchase.

Turkish steel producers cannot avoid the rapidly falling prices. Starting from March 20, prices started to decline from $650 to $610. Therefore, the scrap and billet purchases of the factories slowed down. The Russian billet market, which has an important place in billet imports, has been showing a downward trend since last week.

Russian billet price offers are at $600-610/t cfr, while Turkish steel mills are forecasting $600/t and below for the purchase level.

Iranian billet prices, on the other hand, have dropped to $550/ton fob, with an average loss of $20 since last week.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Kazakhstan scrap export ban puts Russian metallurgy at risk

Friday, March 1, 2024

Exports of Russian square billets decreased by 12% in 2023

Friday, March 1, 2024

Thailand's scrap imports begin to recover in 2024

Friday, March 1, 2024

JSW Steel ventures into green steel manufacturing with new subsidiary

Friday, March 1, 2024

US hot-dip galvanized sheet imports increased

Friday, March 1, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now