Over the past week, most Turkish merchant bar re-rollers are offering their official export prices at $615-630/mt FOB, down by $5/mt amid sluggish international demand. Currently, official ex-Turkey equal angle offers are standing at $615-630/mt FOB, for late July-August shipment.
The SteelOrbis daily Turkish import billet reference price still stands at $510-525/mt, stable over the past week.
Import scrap and billet prices are firm and most merchant bar re-rollers are attempting to keep their existing export prices stable, while international buyers are exerting pressure for further discounts. The new EU quota period opened on Monday, July 1, and there are still some unused volumes available with the quotas. A few inquiries are heard from the Balkan region, SteelOrbis has heard. A few merchant bar re-rollers are applying aggressive pricing strategies to generate sales and are even testing below $615/mt FOB.
Product |
Price ($/mt) |
Angle |
615-630 |
IPN-UPN |
625-640 |
Flat bar |
645-660 |
IPE |
625-640 |
All prices are on FOB basis for late July- August shipment.
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