It is reported that Turkey's semi-finished steel imports from Russia will reach a record high of 3.2 million tons in 2022, an increase of 1 million tons from last year, and continue to be strong in the first two months of 2023, reaching 373,000 tons.
Offers for Russian billet are lower than domestic prices in Turkey, making them more attractive to Turkish buyers. Ex-works billet prices in Turkey's domestic market have remained between $650/t and $670/t in recent weeks due to slowing demand for finished products and softening imported scrap prices.
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