With the influence of the fluctuating trend seen in global scrap prices, buyers in Turkish merchant bar exporters' target markets have mostly maintained a wait-and-see stance and are not eager to restock. Due to the weakness of demand, Turkish steel mills have reduced their merchant bar export prices by $10/mt compared to price levels recorded on March 23.
Turkish merchant bar export prices are currently at the following levels:
Product | Price ($/mt) |
Angle | 480-490 |
IPN-UPN | 490-500 |
Flat bar | 510-520 |
IPE | 480-490 |
All prices are on FOB basis and for April shipment.