Turkey’s merchant bar export prices have remained stable during the past week, with angle prices at $500-520/mt FOB.
Meanwhile, as of August 8, Turkey has already used 40,191 mt of its 98,937 mt EU merchant bar quota for the new quota period which started on July 1. As a result, Turkey’s merchant bar sales to European countries are expected to continue for some time.
On the other hand, it is heard that Turkish merchant bar producers are receiving weak demand from the Middle East and Africa market due to the approaching Feast of Sacrifice holiday.
|
Product |
Price ($/mt) |
Price change |
|
|
31.07.2019 |
|||
|
Angle |
500-520 |
0 |
|
|
IPN-UPN |
510-530 |
0 |
|
|
Flat bar |
530-550 |
0 |
|
|
IPE |
510-530 |
0 |
|
All prices are on FOB basis and for August shipment.