In the past week, Turkish merchant bar prices have fallen by $10/mt to $720-740/mt FOB for October shipment amid the negative sentiment in the import scrap and billet segments as well as sluggish international demand.
Most international buyers are maintaining a wait-and-see stance while observing the import scrap and billet price trends. A few merchant bar producers are attempting to keep their prices stable due to their higher production costs.
Turkish merchant bar export prices are currently at the following levels:
Product |
Price ($/mt) |
Angle |
720-740 |
IPN-UPN |
730-750 |
Flat bar |
750-770 |
IPE |
730-750 |
All prices are on FOB basis and October shipment.