Turkish merchant bar export offers fall slightly on upper end

Thursday, 18 July 2019 15:47:52 (GMT+3)   |   Istanbul
       

Turkey’s merchant bar export prices have moved down by $10/mt on the upper end during the past week, with angle prices decreasing to $510-520/mt FOB. However, international buyers’ firm bids, particularly from North Africa, for Turkish angle are still heard at $490-500/mt FOB.

Meanwhile, Turkish merchant bar mills state that it is hard for them to accept these firm bids for angle exports since their production costs are at high levels due to domestic quotations at $430-445/mt ex-works for billet which is used as the raw material in merchant bar production.

While international buyers continue to make price inquiries for Turkish merchant bar, they are still exerting pressure on prices.

Turkish merchant bar export prices are currently at the following levels:

Product

Price ($/mt)

Price change

11.07.2019

Angle

510-520

10 (upper end)

IPN-UPN

520-530

10 (upper end)

Flat bar

540-550

10 (upper end)

IPE

520-530

10 (upper end)

 

All prices are on FOB basis and for August shipment.


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