SteelOrbis has learned from market sources that ex-Turkey merchant bar offers have increased by approximately $40/mt over the past week. Market sources state that demand has been decent in both the Middle East and Europe, which are important export markets for Turkey, with deals for Turkish merchant bar being concluded in those regions at the current price levels.
Export offers from Turkish merchant bar producers are at the following levels:
Product | Price ($/mt) FOB |
Angle | 580-600 |
IPN-UPN | 580-600 |
Flat bar | 600-630 |
IPE | 610-640 |