During the past two weeks, Turkish merchant bar export offers have softened further, while demand for Turkish merchant bar in the export markets has remained weak in the same period. Turkish steel producers' merchant bar sales to the export markets have been very limited, but are expected to improve after the end-of-Ramadan holiday (July 4-7).
Turkish merchant bar export prices have decreased by $17.5/mt in the period in question to the following levels:
Product | Price ($/mt) |
Angle | 415-440 |
IPN-UPN | 425-450 |
Flat bar | 435-460 |
IPE | 425-450 |
All prices are on FOB basis and for July shipment.