The long-standing weakness of demand for Turkish merchant bar in the export markets combined with the declines seen in global billet prices have caused Turkish merchant bar export offers to soften over the past two weeks.
Turkish merchant bar export prices have decreased by $20/mt in the period in question to the following levels:
Product | Price ($/mt) |
Angle | 500-510 |
IPN-UPN | 510-520 |
Flat bar | 520-530 |
IPE | 510-520 |
All prices are on FOB basis and for June shipment.