Over the past week, Turkish official merchant bar export prices have remained stable at $730-750/mt FOB for February-early March shipment, amid higher import scrap prices and currency fluctuations, while the SteelOrbis daily Turkish billet export CFR-based reference price is standing at $580-595/mt, versus $560-595/mt a week ago. A few merchant bar re-rollers are attempting to increase their export prices to a minimum of $750/mt FOB, SteelOrbis has heard. A few inquiries are received from the Balkan region and from parts of Europe and the target prices from the Balkans are at $735-740/mt FOB this week, SteelOrbis has heard. “We are optimistic regarding the recent discount on natural gas and electricity prices providing support for the export segment,” one source mentioned.
Turkish merchant bar export prices are currently at the following levels:
|
Product |
Price ($/mt) |
|
Angle |
730-750 |
|
IPN-UPN |
740-760 |
|
Flat bar |
760-780 |
|
IPE |
740-760 |
All prices are on FOB basis for February-Early March shipments.