Ex-Turkey merchant bar offers considered to be on the high side by buyers

Turkish merchant bar rolling mills are finding it difficult to reflect increased billet prices in their own prices, while their merchant bar export offers are considered to be on the high side by customers in the export markets. Apart from some transactions for small tonnages, no significant market activity has been observed in the export market, where low demand prevails.
 
SteelOrbis has learned from market sources that Turkish rolling mills are currently offering angles for export at $665-675/mt FOB on actual weight basis. In addition, IPN-UPN are being offered at $665-675/mt FOB, flat bars are being offered at $675-685/mt FOB, 80-100-120 mm IPE is being offered at $685-695/mt FOB, 80-100-120 mm IPE A is being offered at $685-695/mt FOB and 80-100-120 mm IPE AA is also being offered at $685-695/mt FOB - all on actual weight basis and for July shipments.
 
It is possible to hear various offers depending on stock levels, region, shipment date and customer, and even lower prices from some rolling mills.