Although the Far Eastern billet market has increased from time to time due to seasonal conditions (increased construction activity during the summer season), demand remains weak in general terms, with buyers preferring to act cautiously. Fluctuations in scrap prices and rising electricity costs put many producers in a difficult situation.
Currently, prices are stable and purchases are weak. Demand is expected to pick up if end-product stocks are reduced and the government offers additional incentives.
In Vietnam and Malaysia, producers prefer spot sales to Türkiye, with average export offers around USD 450/t FOB and limited purchases.
In Indonesia, average billet offers are hovering around USD 430/t FOB. Indonesia is known to have sold close to 100,000 tons to Israel and Türkiye in recent weeks.
Average billet offers in China;
- 425 USD/t FOB
- 450-460 USD/t CFR Türkiye
- In the domestic market, it is hovering around USD 406/t EXW including VAT.
Looking at the situation in the market, the delivery time of Far East billets to Türkiye is said to be late August-early September. In addition, some sellers, who think that prices will rise in August 2025, are making higher price offers than the prices being discussed in the market. Whether the sellers who offer higher prices will find buyers or not will become clear in the coming days.
Market analysts note that in the current situation, buyers may turn to alternative sources due to the war in the Middle East, which could revive the Far Eastern billet market and potentially push prices higher.
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