billets - Latest news GMK Center

This reduces production costs and the cost of the workpiece

The total billet import by Turkish consumers during the period decreased by 16% y/y

The total import of billets by Turkish consumers during the period decreased by 24.6% y/y

During 7 months, Ukrainian steelmakers shipped 94.95 thousand tons of relevant products to Turkish consumers

During 6 months, Ukrainian steelmakers shipped 57.91 thousand tons of relevant products to Turkish consumers

During 5 months, Ukrainian steelmakers shipped 40.65 thousand tons of relevant products to Turkish consumers

In January-February 2024, this volume amounted to 30.68 thousand tons

The last time Ukrainian products were imported was in November 2023

In July 2022, Turkish steelmakers did not import relevant products from Ukraine

Ukraine provided 51% of European imports of square billets in January-April 2023

The largest part among exporters of billets to the country is occupied by Russian suppliers

As of May 19, 2023, billet quotations in Black Sea ports were $520-530/t FOB