Over the past week, most Turkish merchant bar re-rollers have increased their official export prices by to $620-635/mt FOB amid the slight recovery in import scrap prices. Currently, official ex-Turkey equal angle offers are standing at $620-635/mt FOB, for July shipment.
The SteelOrbis daily Turkish import billet reference price stands at $517-535/mt CFR, stable over the past week.
Sources report a few enquiries are on the table from the Balkan region for the next EU quota period which begins on July 1, while most international buyers are exerting pressure for further discounts.
Product |
Price ($/mt) |
Angle |
620-635 |
IPN-UPN |
630-645 |
Flat bar |
650-665 |
IPE |
630-645 |
All prices are on FOB basis for July shipment.
.jpeg)