Turkish merchant bar export prices have risen by an average of $15/mt in the last two weeks due to stronger scrap prices. As a result, ex-Turkey equal angles are currently at $680-690 FOB, versus $660-680/mt FOB previously. Currently, Turkish merchant bar re-rollers are mainly offering for June-early July shipments. Most inquiries are coming from West and North Africa, the Middle East - especially Dubai, as well as from Malaysia.
On the European Union (EU) side, merchant bar and light section import quotas were exhausted as of April 5. As a result, most Turkish re-rollers are waiting for the final decision regarding the safeguard measures which are scheduled to expire on June 30.
Turkish merchant bar export prices are currently at the following levels:
|
Product |
Price ($/mt) |
|
Angle |
680-690 |
|
IPN-UPN |
690-700 |
|
Flat bar |
710-720 |
|
IPE |
690-700 |
All prices are on FOB basis and for June-early July shipment.