SteelOrbis has heard that Turkish rolling mills are offering angles for export at $1,380-1,400/mt FOB on actual weight basis for August shipments. In addition, flat bars are being offered at $1,390-1,410/mt FOB, 80-100-120 mm IPE is being offered at $1,440-1,450/mt FOB, IPN-UPN are being offered at $1,410-1,430/mt FOB and 80-100-120 mm IPE AA is being offered at $1,440-1,450/mt FOB - all on actual weight basis and also for August shipments.
Turkish merchant bar producers have this week kept their export prices unchanged compared to last week. The sluggishness in the overall European merchant bar market and the fact that Chinese material has been offered to the Middle East at low price levels are the main factors behind this situation.