Over the past two weeks, expectations have increased among finished steel buyers in the global market for a decline in prices, since international scrap prices have started to decline and as the downward movement of import scrap prices in Turkey has gained momentum since last week. As a result, demand for Turkish merchant bar in the export markets has remained slack, while Turkish mills’ merchant bar export prices have declined by $35/mt over the past two weeks.
Turkish merchant bar export prices are currently at the following levels:
| Product | Price ($/mt) |
| Angle | 440-450 |
| IPN-UPN | 450-460 |
| Flat bar | 460-470 |
| IPE | 450-460 |
All prices are on FOB basis and for January shipment.