A few Turkish merchant bar re-rollers have decreased their offers by $20-30/mt against the backdrop of the negative sentiment in the import scrap and billet segments over the past week. Currently, ex-Turkey official equal angle offers have settled at $630-650/mt FOB for August shipment.
The SteelOrbis Turkish billet daily export reference price stands at $490-530/mt CFR, versus $505-530/mt CFR previously. “Although a few inquiries are on the table, the trading activity is nearly stopped. Most buyers are taking their time for new purchases and exert pressure for further discounts," one source mentioned.
Turkish merchant bar export prices are currently at the following levels:
Product |
Price ($/mt) |
Angle |
630-650 |
IPN-UPN |
640-660 |
Flat bar |
660-680 |
IPE |
640-660 |
All prices are on FOB basis for August shipments.
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