During the past two weeks, demand for Turkish merchant bar in the export markets has failed to improve and is still slack. Although global scrap and billet quotations have continued their upward movement in the same period, the rises seen in Turkish merchant bar export prices have been very limited as buyers consider these prices to be on the high side. Turkish merchant bar export prices have increased by $20/mt in this period to the following levels:
Product | Price ($/mt) |
Angle | 520-530 |
IPN-UPN | 530-540 |
Flat bar | 540-550 |
IPE | 530-540 |
All prices are on FOB basis and for June shipment.