US cold finished bar exports up 16 percent in October
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Turkish producer Kardemir opened its local billet sales and closed them after a couple of hours, today, January 6.
A sizable volume of imported billet has been traded to China this week after the price decline seen since late December.
The CIS billet export market has been quiet due to the New Year and Christmas holidays this week and trading activity is expected to increase.
Import iron ore prices in China have moved up sharply on Thursday, January 6, and are also higher week on week.
Following the transaction shared by SteelOrbis earlier today, another ex-US scrap booking has been disclosed to the market at higher price levels.
The billet market in Turkey has been waiting to see a clearer price trend amid the somewhat ambivalent expectations voiced by different sources.