Over the past week, a few Turkish merchant bar re-rollers are offering export prices at $650-670/mt FOB, down $10/mt, amid the sluggish international demand. Currently, official ex-Turkey equal angle offers are mostly standing at $650-670/mt FOB, for February shipment. A few merchant bar re-rollers are offering slightly lower levels depending on the region and the tonnage, SteelOrbis has heard.
“Most European buyers are already in holiday mood and postponing their new purchases until after the New Year holidays,” one source commented.
The SteelOrbis daily Turkish billet import reference price stands at $535-555/mt versus $540-560/mt a week ago.
Product |
Price ($/mt) |
Angle |
650-670 |
IPN-UPN |
660-680 |
Flat bar |
680-700 |
IPE |
660-680 |
All prices are on FOB basis for February shipments.
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