Over the past week, most Turkish merchant bar re-rollers have kept their official export prices stable at $620-635/mt FOB against the backdrop of the sluggish international demand. Currently, official ex-Turkey equal angle offers are standing at $620-635/mt FOB, for July-early August shipment.
The SteelOrbis daily Turkish import billet reference price stands at $518-534/mt versus $517-535/mt CFR, week on week.
Most international buyers exert pressure for further discounts, while merchant bar re-rollers are aiming to maintain their ongoing prices amid the positive sentiment in the import scrap segment.
Product |
Price ($/mt) |
Angle |
620-635 |
IPN-UPN |
630-645 |
Flat bar |
650-665 |
IPE |
630-645 |
All prices are on FOB basis for July-Early August shipment.
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