During the past two weeks, demand for Turkish merchant bar in the export markets has remained weak. Due to the rises seen in scrap prices in July, Turkish merchant bar export quotations moved up in the middle of the same month. However, the higher levels of Turkish merchant bar export prices failed to gain acceptance from buyers and have declined to the previous levels of two weeks ago also since import scrap quotations have softened slightly, with demand for Turkish merchant bar exports remaining at low levels.
Turkish merchant bar export prices have decreased by $25/mt in the period in question to the following levels:
Product | Price ($/mt) |
Angle | 410-430 |
IPN-UPN | 420-440 |
Flat bar | 430-450 |
IPE | 420-440 |
All prices are on FOB basis and for September shipment.