SteelOrbis has learned from market sources that Turkish merchant bar export offers have indicated an increase of $10/mt over the past two weeks. Turkish merchant bar producers have revised their prices upwards due to increases in both domestic and import billet prices. No new merchant bar export transactions have been heard at the new price ranges over the past week, while demand in the Middle East and North Africa is expected to improve after the Ramadan holiday.
Export offers from Turkish merchant bar producers are at the following levels:
Product | Price ($/mt) FOB |
Angle | 620-650 |
IPN-UPN | 620-650 |
Flat bar | 640-660 |
IPE | 650-675 |