Over the past week, most Turkish merchant bar re-rollers have kept their official export prices stable at $620-640/mt FOB amid sluggish international demand. Currently, official ex-Turkey equal angle offers are standing at $620-640/mt FOB, for late November-December shipments. Sources report a few re-rollers are giving sizeable discounts for serious buyers and are even offering at below $620/mt FOB, SteelOrbis has heard.
The SteelOrbis daily Turkish import billet reference price stands at $480-520/mt CFR, versus $495-525/mt CFR last week.
Chinese merchant bar suppliers are active in Latin America, while Italian merchant bar suppliers are active in the European Union with their aggressive pricing policy, SteelOrbis has heard.
Product |
Price ($/mt) |
Angle |
620-640 |
IPN-UPN |
630-650 |
Flat bar |
650-670 |
IPE |
630-650 |
All prices are on FOB basis for late November-December shipment.