28
Jun
15:20
Cheaper billet, competition pressure Turkish merchant bar prices
Turkish merchant bar producers faced strong price pressure from buyers last week due to the decline seen in billet prices.
On Friday, producers’ official export quotes were pegged mostly at around $605-630/tonne fob Turkey for angles, IPN-UPN sections, flat bars and IPE sections.
Although there were inquiries about Turkish merchant bar in the global market, buyers pressured prices, specifically after Kardemir opened billet sales on Thursday at $10/t lower t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous