CIS STEEL BILLET: Fresh sales to Turkey push prices upward

Export prices for steel billet from the Commonwealth of Independent States surged on Tuesday February 23, with several cargoes sold at higher prices to Turkey.

Turkish customers accepted price increases for billet because of the continuing uptrend in the sector, based on import scrap and local billet prices.
Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, was calculated at $429.03 per tonne on February 22, up by $15.40 per tonne compared with Friday's index.

And the daily index for steel scrap, HMS 1&2 (80:20 mix), United States origin, cfr Turkey, was $433.41 per tonne on the same day, up...

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