According to market sources, Turkish merchant bar producers' export prices have remained unchanged over the past week. Market sources state that buyers have postponed their purchases amid anticipation of a gradual downtrend in merchant bar prices, causing demand to remain sluggish. Moreover, ongoing political uncertainties in Turkey's key export markets have also slowed down demand for Turkish merchant bar exports.
Export offers from Turkish merchant bar producers are at the following levels:
Product | Price ($/mt) |
FOB | |
Angle | 430-440 |
IPN-UPN | 440-450 |
Flat bar | 460-470 |
IPE | 440-460 |