It is reported that some of Turkish steel mills purchased the square billet from CIS because Turkish square billet price was stay at high level before.

However, the current CIS & Turkey’s square billet prices have started to decline in line with dropping scrap price.

Turkish electric furnace mills gradually cut down the purchasing volume of scrap and focus on CIS and Europe’s square billet recently. Besides, the scrap demand dips due to weak demand of global finished products. Source: Yieh.com