Ex-Turkey merchant bar prices have decreased by $20/mt to $700-720/mt for October shipment amid the negative sentiment in the import scrap segments. International buyers exert pressure for further discounts.
Sources report a few inquiries are received from European Union, while most international buyers are in a wait and see stance to be on the safe side if the merchant bar export prices might soften.
Turkish merchant bar export prices are currently at the following levels:
|
Product |
Price ($/mt) |
|
Angle |
700-720 |
|
IPN-UPN |
710-730 |
|
Flat bar |
730-750 |
|
IPE |
710-730 |
All prices are on FOB basis and October shipment.