Turkish ex-works billet prices fell by an average of $13 per ton in October 2026, reaching $563 per ton, according to GMK Center. The decline reflects a supply and demand adjustment in the Turkish and global semi-finished steel markets.

For buyers of billet, the lower ex-works price could reduce the cost of material used to produce steel sections. The effect on finished-product costs will depend on the prices producers actually pay and their other production costs.

The change also provides a reference point for international billet trade, although an ex-works price alone does not establish the delivered cost for overseas buyers. Further billet price movements and changes in supply and demand will shape how far the October decline carries through to purchasing and production decisions.