Over the past week, a few Turkish merchant bar re-rollers have raised their offers by $10/mt amid the ongoing currency fluctuations and stable import billet prices. Currently, official ex-Turkey equal angle offers are standing at $620-640/mt FOB, versus $610-630/mt FOB a week ago, for September-early October shipment.
The SteelOrbis daily Turkish billet import reference price stands at $480-500/mt CFR, stable compared to a week ago. Demand is relatively moderate, though most international buyers are postponing their purchases in order to monitor the import scrap price trend.
Product |
Price ($/mt) |
Angle |
620-640 |
IPN-UPN |
630-650 |
Flat bar |
650-670 |
IPE |
630-650 |
All prices are on FOB basis for September-early October shipments.
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