Over the past week, most Turkish merchant bar re-rollers have raised their official export prices by $5/mt on the lower end to $615-630/mt FOB amid the slight recovery in import scrap and billet prices. Currently, official ex-Turkey equal angle offers are standing at $615-630/mt FOB, for June-early July shipment. A few merchant bar re-rollers are offering aggressive prices and are still quoting slightly below $615/mt FOB. Sources report that the workable equal angle export price is at around $615-620/mt FOB for serious buyers.
The SteelOrbis daily Turkish import billet reference price stands at $517-535/mt CFR, versus $517-528/mt CFR over the past week.
The Balkan region and Latin America seem relatively better in terms of demand, while most international buyers are exerting pressure for further discounts.
Product |
Price ($/mt) |
Angle |
615-630 |
IPN-UPN |
625-640 |
Flat bar |
645-660 |
IPE |
625-640 |
All prices are on FOB basis for June-early July shipments.
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