Over the past week, most Turkish merchant bar re-rollers have kept their official export prices at $610-630/mt FOB amid international sluggish demand. Currently, official ex-Turkey equal angle offers are standing at $610-630/mt FOB, for October-early November shipment. Sources report a few re-rollers are applying aggressive pricing to generate sales and are even quoting below $600/mt FOB depending on the size. Moreover, a few re-rollers are also testing slightly above $630/mt FOB since they are fully booked with orders.
The SteelOrbis daily Turkish import billet reference price stands at $465-490/mt CFR, also stable week on week.
While some European buyers prefer to purchase their material within the EU, a few Turkish mills are focusing on the UK and Irish markets. A few inquiries for small tonnages have been made from these countries, SteelOrbis has heard.
Product |
Price ($/mt) |
Angle |
610-630 |
IPN-UPN |
620-640 |
Flat bar |
640-660 |
IPE |
620-640 |
All prices are on FOB basis for October-early November shipment.
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