Over the past week, most Turkish merchant bar re-rollers have kept their official equal angle export prices stable at $600-620/mt FOB, for July-Early August shipment, while the general sentiment on the demand side is negative. "Demand is much lower due the geopolitical uncertainty in the region" one source is commented.
The SteelOrbis Turkish import billet daily reference price stands at $450-485/mt CFR, down by $5/mt on the lower end week on week.
Product | Price ($/mt) |
Angle | 600-620 |
IPN-UPN | 610-630 |
Flat bar | 630-650 |
IPE | 610-630 |
All prices are on FOB basis for July-Early August shipment.