Russian Billet Export Breaks Through $600/ton

Due to the strong demand in Turkey, the export of Russian billet has been strongly supported, and the price has been rising all the way. After an interval of 10 months, the FOB export price of billet once again exceeded 600 US dollars / ton.
At present, Russia's quotations to Turkey are about US$635-650/ton CFR, about US$600-620/ton FOB, and Russian billet sellers indicated that they expect the export price to reach US$640-650/ton FOB. At present, Turkey has a good acceptance of the price of Russian billet, and the price is expected to be US$640-650/ton CFR. In addition, the price of Turkish rebar has risen sharply, and the export price of Russian billet still has room to rise.
In addition to Russia, China and Egypt offer billets to Turkey. The price of Chinese billet is about 650-660 US dollars / ton CFR, and the price of Egyptian billet is about 690 US dollars / ton CFR. In addition, Malaysian billet has been sold at a price of about US$650/t CFR Turkey.

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