Turkish mini-mills have kept billet export prices unchanged for
a seventh consecutive week due to stability in ferrous scrap
prices from US suppliers.
Small parcels of billet have been changing hands at $630-640
per tonne fob main Turkish port, a level unchanged since the
middle of March, according to Turkish market participants.
Demand for Turkish billet has remained weak and sales to
consumers in the export market have been scarce this week.
US ferrous scrap suppliers have held their offers steady for
the second consecutive week at $452-453 per tonne cfr Turkey.
Due to sluggish demand from Turkish mini-mills, however, Metal
Bulletin has not heard of any deals for US ferrous scrap.
"I've heard of Turkish billet deals at $630-645 fob. The export
market is quiet," a trader said. "There has been a slowdown in
buying activity this week."
CIS billet has sold at $600-610 fob Black Sea for May
production, down from $605-610 fob previously.
CIS mini-mills have been struggling to sell
to the export market due to poor demand.