Over the past week, most Turkish merchant bar re-rollers have decreased their official export prices by $5/mt to $610-630/mt against the backdrop of the negative sentiment in the import scrap and billet segments. Currently, official ex-Turkey equal angle offers are standing at $610-630/mt FOB, for September-early October shipment. According to sources, a few re-rollers are applying aggressive pricing to generate sales and are even quoting slightly lower than $600/mt FOB.
The SteelOrbis daily Turkish import billet reference price stands at $475-500/mt CFR for now, versus $485-510/mt CFR last week.
Most international buyers are in wait-and-see mode and are exerting pressure for further discounts.
Product |
Price ($/mt) |
Angle |
610-630 |
IPN-UPN |
620-640 |
Flat bar |
640-660 |
IPE |
620-640 |
All prices are on FOB basis for September-early October shipment.
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