Over the past week, most Turkish merchant bar re-rollers have kept their official export prices stable at $610-630/mt FOB amid sluggish international demand. Currently, official ex-Turkey equal angle offers are standing at $610-630/mt FOB, for June-early July shipment. A few merchant bar re-rollers are offering aggressive prices and are still quoting slightly below $610/mt FOB.
The SteelOrbis daily Turkish import billet reference price stands at $517-528/mt CFR, versus $515-535/mt CFR a week ago.
The general sentiment on the demand side is still negative due to the recent downward trend in the import scrap segment.
Product |
Price ($/mt) |
Angle |
610-630 |
IPN-UPN |
620-640 |
Flat bar |
640-660 |
IPE |
620-640 |
All prices are on FOB basis for June-early July shipments.
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