billets - Latest news GMK Center

Exports of square billets from China increased fourfold in the first five months of 2025

In most regional markets, price fluctuations for billets did not exceed $5/t during the month

Turkish rolling mills focus on buying imported billets

The move encourages local steelmakers to expand production of higher value-added products

Cheap offers of importers do not allow quotes to move to growth

In the coming years, the NBU predicts a further negative trend for ore prices

Plants refrain from shutting down completely, hoping for an improvement in the situation

Total imports by Turkish steelmakers increased by 52.4% y/y, mainly from Malaysia

Elsewhere in the world, producer bids remain unchanged

Buyers take a wait-and-see attitude in hope for further price cuts despite announced production cuts in China and declining inventories

Mastering stop casting allowed us to increase production and steel quality

Total imports of billets by Turkish consumers grew by 5.3% y/y over the period