Turkish merchant bar export offers move down due to weak demand

Friday, 13 September 2019 12:11:36 (GMT+3)   |   Istanbul

Turkey’s merchant bar export prices have decreased by $25/mt as compared to levels recorded on August 23, with angle prices declining to $460-480/mt FOB in this period. According to sources, levels slightly below $460/mt FOB is currently achievable for actual angle purchases.

It is heard that Moroccan buyers returned from their holidays at the beginning of September but adopted a wait-and-see stance due to the ongoing downtrend of import scrap prices in Turkey. Additionally, Turkish merchant bar producers have received price inquiries from Tunisia, Libya, Egypt and Latin America this week. Most Turkish rolling mills are heard to be offering products for October shipments to the international market.

As of September 12, Turkey has already used 48,853 mt of its 98,937 mt EU merchant bar quota for the new quota period which started on July 1. As a result, Turkey’s merchant bar sales to the European countries are expected to continue for some time. 

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


Price ($/mt)

Price change








Flat bar







All prices are on FOB basis and for October shipment.

Most Recent Related Articles

Ex-Turkey merchant bar prices supported by firm scrap, stronger billet

Turkish mill Kardemir sells around 42,000 mt of merchant bar locally

Turkish merchant bar producers try to follow uptrend

Local Turkish merchant bar market quiet ahead of the holiday

Ex-Turkey merchant bar prices under pressure