TURKEY STEEL BILLET: Prices down on weakening fundamentals

Billet prices in Turkey decreased in the week to Friday September 3 amid weak market fundamentals including limited demand, falling import scrap costs and lower finished long steel prices both domestically and in export markets, sources told Fastmarkets.

Fastmarkets' calculation of the index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey was $441.74 per tonne on Tuesday, down by $2.86 per tonne compared with Friday August 27.
The scrap index fell after the confirmation of a transaction on September 1 at a lower level.

By Thursday, the index calculation had fallen by another...

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