In addition to the increasing raw material and billet prices, strong merchant bar demand in the export markets has led Turkish mills to raise their export offers. It is heard that sales have been concluded to the US market as well as to North Africa and the Middle East. As of this week, Turkish merchant bar export offers are as presented below. It should be taken into consideration that offers may show some variation depending on customers, regions, stock levels and shipment date.
Accordingly, Turkish rolling mills are offering angles for export at $540-550/mt FOB on actual weight basis for October shipments. In addition, IPN-UPN are being offered at $550-560/mt FOB, flat bars are being offered at $540-550/mt FOB, 80-100-120 mm IPE is being offered at $580-590/mt FOB, 80-100-120 mm IPE A is being offered at $590-600/mt FOB and 80-100-120 mm IPE AA is being offered at $590-600/mt FOB - all on actual weight basis, excluding VAT and also for October shipments.