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05 May

Turkish merchant bar prices soften on suspended purchases

Turkish merchant bar producers have been forced to decrease their export prices after buyers mostly suspended purchases amid a falling market. On Friday, producers’ export quotes were pegged mostly at around $670-695/tonne fob Turkey for angles, $680-705/t for IPN-UPN sections, $690-715/t for flat bars, and $680-705/t for IPE sections. However, lower prices seem obtainable from a few producers that wish to secure a share of the limited demand. Consequently,…
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Burcak Alpman  |  Turkey
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