SteelOrbis has learned that since our last report two weeks ago Turkish merchant bar offers have decreased by $150 /mt. Offers are now ranging from $1,320 /mt to $1,340 /mt CFR FO US Gulf ports, based on theoretical weights. (Subject product consists of small sections and some structural channels and angles according to ASTM A36/A6.)
Taiwanese offers have also surfaced and are slightly lower than their Turkish counterparts. Merchant bar offerings from Taiwan are said to be ranging from $1,190 /mt to $1,210 /mt CFR FO US West Coast ports.