Turkish merchant bar export markets still quiet

Ex-Turkey merchant bar offers have remained stable over the past two weeks, while buyers have been postponing their purchases. The export markets have been characterized by a lack of high volume orders and demand has continued to be weak. According to market sources, in the event of large tonnage export orders Turkish mills are willing to negotiate on their current offer price levels. Meanwhile, stock levels are quite high in Turkey's merchant bar export market. 
 
SteelOrbis has learned from market sources that Turkish rolling mills are currently offering angles for export at $635-645/mt FOB on actual weight basis. In addition, IPN-UPN are being offered at $635-645/mt FOB, flat bars are being offered at $645-655/mt FOB, 80-100-120 mm IPE is being offered at $655-665/mt FOB, 80-100-120 mm IPE A is being offered at $655-665/mt FOB and 80-100-120 mm IPE AA is also being offered at $655-665/mt FOB - all on actual weight basis and for September and October 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.