As of July 3, a few Turkish merchant bar re-rollers have kept their export prices stable at $605-625/mt FOB for July-early August shipment, against the backdrop of sluggish international demand. A few buyers believe that merchant bar export prices may soften in the short term due to the downward trend of import scrap prices.
Most international buyers are in wait-and-see mode as the new EU quota period just began two days ago.
Meanwhile, the SteelOrbis Turkish import billet daily reference price stands at $490-515/mt, versus $495-518/mt CFR last week.
Product |
Price ($/mt) |
| Angle | 605-625 |
| IPN-UPN | 615-635 |
| Flat bar | 635-655 |
| IPE | 615-635 |
All prices are on FOB basis and for July-early August shipment.
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