Export prices for merchant bars from Turkey have increased by $10/mt on the higher end over the past two weeks, taking into account the cautious uptrend in the scrap segment. As a result, ex-Turkey equal angle offers have settled at $680-700 FOB. Most Turkish merchant bar re-rollers are mainly offering for late June-early July shipment.
According to sources, merchant bar inquiries are being received from Latin America, Africa and the UAE.
Turkish merchant bar export prices are currently at the following levels:
Product |
Price ($/mt) |
Angle |
680-700 |
IPN-UPN |
690-710 |
Flat bar |
710-730 |
IPE |
690-710 |
All prices are on FOB basis and for late June-early July shipment.