Turkish billet prices fall amid weaker scrap market

November 05, 2021 / www.metalbulletin.com / Article Link

Turkish billet prices feel in the week ended November 4 in line with lower imported scrap costs and poor demand, market participants told Fastmarkets.

Suppliers in the Commonwealth of Independent States (CIS) have lowered their offers to $700-705 per tonne cfr, compared with $725-730 per tonne last week.
However, the buyers bid only $660-670 per tonne for CIS-origin billet.

A steel mill in the Iskenderun region was booked 10,000 tonnes of...

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