Over the past week, most Turkish merchant bar re-rollers have cut their official export prices by $10/mt to $600-620/mt amid theweaker import scrap and billet prices. Currently, official ex-Turkey equal angle offers are standing at $600-620/mt FOB, for late September-October shipment. According to sources, a few re-rollers are still applying aggressive pricing to generate sales and are even quoting slightly lower than $600/mt FOB.
The SteelOrbis daily Turkish import billet reference price stands at $480-495/mt CFR for now, versus $475-500/mt CFR last week.
Most international buyers are taking their time before concluding new purchases and are monitoring the import scrap price trend.
Product |
Price ($/mt) |
Angle |
600-620 |
IPN-UPN |
610-630 |
Flat bar |
630-650 |
IPE |
610-630 |
All prices are on FOB basis for late September-October shipment.
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