Over the past week, most Turkish merchant bar re-rollers have cut their official export prices by $10/mt to $620-640/mt FOB amid the negative sentiment in the import scrap segment. Currently, official ex-Turkey equal angle offers are standing at $620-640/mt FOB, for late November-December shipments. Sources report a few re-rollers are giving sizeable discounts for serious buyers and are even offering at below $600/mt FOB, SteelOrbis has heard.
The SteelOrbis daily Turkish import billet reference price stands at $495-525/mt CFR, falling by $5/mt on the higher end week on week.
Most buyers are taking their time before concluding new purchases, while monitoring the import scrap price trend.
Product |
Price ($/mt) |
Angle |
620-640 |
IPN-UPN |
630-650 |
Flat bar |
650-670 |
IPE |
630-650 |
All prices are on FOB basis for late November-December shipment.
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