SteelOrbis has learned from market sources that Turkish merchant bar export offers have indicated a decline of $5/mt on the low end over the past two weeks. After the conclusion of some sales from Turkey to North Africa over the past few weeks, demand for Turkish merchant bar on the export side has slowed down with the influence of Ramadan.
Export offers from Turkish merchant bar producers are at the following levels:
Product | Price ($/mt) FOB |
Angle | 610-640 |
IPN-UPN | 610-640 |
Flat bar | 630-650 |
IPE | 645-670 |