According to market sources, Turkish producers’ merchant bar export prices have decreased by $5/mt over the past three weeks, while demand has remained on the weak side. Even though import and domestic billet prices have increased in Turkey, Turkish producers have had to revise their merchant bar export prices downwards due to slack demand in the export markets. Nevertheless, Turkish exporters have concluded sales of small merchant bar tonnages to North Africa and the Caribbean.
Export offers from Turkish merchant bar producers are at the following levels:
Product | Price ($/mt) |
FOB | |
Angle | 385-395 |
IPN-UPN | 395-405 |
Flat bar | 415-425 |
IPE | 395-405 |