Over the past week, most Turkish merchant bar re-rollers have cut their official export prices by $10/mt on the lower end to $620-640/mt FOB amid the sluggish international demand and relatively lower prices in the import billet segment ahead of the Eid holiday. Currently, official ex-Turkey equal angle offers are standing at $620-640/mt FOB, for late April-early May shipment.
The SteelOrbis daily Turkish billet import reference price stands at $510-525/mt CFR, versus $525-540/mt CFR a week ago.
" I believe the minimum equal angle export price should be at around $630/mt FOB under the current conditions as the European quota began on April 1, while a few merchant bar re-rollers are applying aggressive pricing policies and testing below $630/mt FOB" one source commented.
|
Product |
Price ($/mt) |
|
Angle |
620-640 |
|
IPN-UPN |
630-650 |
|
Flat bar |
650-670 |
|
IPE |
630-650 |
All prices are on FOB basis for late April-early May shipments.