Over the past week, a few Turkish merchant bar re-rollers have cut their export offers by $10/mt on the lower end to $590-630/mt FOB, amid the ongoing currency fluctuations and the negative sentiment in the import scrap segment. Currently, official ex-Turkey equal angle offers are mostly standing at $590-630/mt FOB, for November shipment. The gap between export offers has widened as a few re-rollers are applying aggressive pricing policies.
The SteelOrbis daily Turkish billet import reference price is available at $485-520/mt, falling by $10/mt on the lower end over the same period. Demand is somewhat better for merchant bar and beam exports, specifically to the Balkan region, SteelOrbis has heard.
Product |
Price ($/mt) |
Angle |
590-630 |
IPN-UPN |
600-640 |
Flat bar |
620-660 |
IPE |
600-640 |
All prices are on FOB basis for November shipments.
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