Over the past week, most Turkish merchant bar re-rollers are offering their official export prices at $620-635/mt, up by $5/mt over the past week amid higher import scrap prices. A few merchant bar re-rollers are offering at $640/mt FOB though this price level seems somewhat difficult to achieve under the current market conditions. Currently, official ex-Turkey equal angle offers are standing at $620-635/mt FOB, for August shipment.
The SteelOrbis daily Turkish import billet reference price stands at $505-517/mt CFR, versus $510-525/mt CFR last week.
Most merchant bar producers are squeezed by their higher production costs, specifically by energy prices, and by the positive sentiment in the import scrap segment. As a result, they are seeking to at least keep their current export prices stable, while international buyers are exerting pressure for further discounts.
Product |
Price ($/mt) |
Angle |
620-635 |
IPN-UPN |
630-645 |
Flat bar |
650-665 |
IPE |
630-645 |
All prices are on FOB basis for August shipment.
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