According to market sources, demand for Turkish merchant bar in the export market has remained quiet during the past week. Meanwhile, Turkish steel producers' merchant bar export prices have declined week on week to $350-390/mt FOB amid the long-standing weakness of demand.
Export offers from Turkish merchant bar producers are at the following levels:
Product | Price ($/mt) |
FOB | |
Angle | 350-370 |
IPN-UPN | 360-380 |
Flat bar | 370-390 |
IPE | 360-380 |
All prices are on FOB basis and for February shipment.