Over the past two weeks, Turkish merchant bar export prices have decreased by $20-30/mt due to negative sentiment in the import scrap segment and severe currency fluctuations. As a result, equal angles are on offer to the overseas markets at $660-680/mt FOB, while slightly higher levels are also observed. Buyers from North Africa are in the market with some price inquiries, Malaysia has also been asking for offers, SteelOrbis has learned. Currently, Turkish mills are in the market to sell for May-early June shipments.
Turkish merchant bar export prices are currently at the following levels:
|
Product |
Price ($/mt) |
|
Angle |
660-680 |
|
IPN-UPN |
670-690 |
|
Flat bar |
690-710 |
|
IPE |
670-690 |
All prices are on FOB basis and for May-early June shipment.