Over the past two weeks, ex-Turkey official merchant bar prices have fallen on average by $25/mt to $690-710/mt FOB for May shipment, amid the pessimistic mood in the import scrap segment, which has caused international buyers to postpone their purchases. A few merchant bar inquiries have been received from the Balkan region. In addition, a few merchant bar re-rollers are applying aggressive pricing policies and have even recently been testing slightly below $670/mt FOB depending on the region and quantity, SteelOrbis has heard. The SteelOrbis Turkish billet import CFR-based daily reference price currently stands at $565-580/mt, versus $575-600/mt two weeks ago.
Most international merchant bar buyers are monitoring the import scrap and billet price trends and are exerting pressure for additional discounts.
Turkish merchant bar export prices are currently at the following levels:
|
Product |
Price ($/mt) |
|
Angle |
690-710 |
|
IPN-UPN |
700-720 |
|
Flat bar |
720-740 |
|
IPE |
700-720 |
All prices are on FOB basis for May shipments.