Turkish merchant bar export prices expected to revise after holidays

Over the past week, most Turkish merchant bar re-rollers have kept their official export prices stable at $590-620/mt FOB. Currently, official ex-Turkey equal angle offers are still standing at $590-620/mt FOB, for Late January-February shipment. According to sources, the merchant bar export prices are expected to be revised after New Year holiday, when the production costs become clearer as well as the new quota round in January officially begins.

The SteelOrbis daily Turkish import billet reference price stands at $460-490/mt CFR, also stable week on week due to the ongoing holiday season.

All prices are on FOB basis for Late January-February shipment.