On the wee closing, after major crash on Thursday, billet prices in Turkey are reported to have dived further.
Although sellers started offering USD 580 per tonne FOB basis, buyers stayed away despite being confident of achieving USD 560 per tonne on firm bid basis.
On 10th April, initial quotes for billets were at USD 650 per tonne to USD 655 per tonne FOB and on Thursday billet was reported under USD 600 per tonne.