Over the past two weeks, Turkish merchant bar export prices have increased by $220/mt to $1,040-1,050/mt FOB for May-June shipment against the backdrop of higher import scrap and billet prices and ongoing currency fluctuations.
A few mills are also testing $1,100/mt FOB in order to be on the safe side, with the positive sentiment in the raw material segment taken into account. Demand is sluggish as most buyers are in wait-and-see mode after the rapid price hikes.
Turkish merchant bar export prices are currently at the following levels:
|
Product |
Price ($/mt) |
|
Angle |
1,040-1,050 |
|
IPN-UPN |
1,050-1,060 |
|
Flat bar |
1,070-1,080 |
|
IPE |
1,050-1,060 |
All prices are on FOB basis and for May-June shipment.