In the last two weeks, ex-Turkey merchant bar prices have increased sharply and settled at $800-830/mt FOB, versus $720/mt FOB on the backdrop of costlier scrap and billet prices. Most mills are quoting for December-early January shipment. Most re-rollers are still negotiating with EU buyers for new purchases in the next round of deals in 2022. Sources report most buyers in North Africa are refraining from new purchases for now.
Turkish merchant bar export prices are currently at the following levels:
|
Product |
Price ($/mt) |
|
Angle |
800-830 |
|
IPN-UPN |
810-840 |
|
Flat bar |
830-860 |
|
IPE |
810-840 |
All prices are on FOB basis and for December-Early January shipment.