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17 Nov

Turkish merchant bar continues rise amid costlier feedstock

Turkish merchant bar producers further increased their prices last week due to the continued rises in raw material values. On Friday, producers’ official export quotes were pegged mostly at around $620-650/tonne fob Turkey for angles, IPN-UPN sections, flat bars, and IPE sections. Prices were up from $610-625/t fob a week earlier.   Although IPN-UPN sections have a $5-10/t premium in the domestic market, in export markets such a premium is no longer ap…
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Burcak Alpman  |  Turkey
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