Over the past two weeks, most Turkish merchant bar re-rollers have kept their official export prices at $620-640/mt FOB against the backdrop of sluggish international demand. Currently, official ex-Turkey equal angle offers are standing at $620-640/mt FOB, for late April-May shipment.
The SteelOrbis daily Turkish billet import reference price stands at $525-535/mt CFR, versus $510-525/mt CFR two weeks ago.
The general sentiment on the demand side is negative as most international buyers are exerting pressure for further discounts due to the relatively negative sentiment in the ex-Baltic import scrap segment.
Product |
Price ($/mt) |
Angle |
620-640 |
IPN-UPN |
630-650 |
Flat bar |
650-670 |
IPE |
630-650 |
All prices are on FOB basis for late April-May shipments.
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