Turkish merchant bar export offers

SteelOrbis has heard that Turkish rolling mills are offering merchant bars for export at around $540-555/mt FOB St on actual weight basis for December / January shipments. Although the demand for merchant bar is generally low, the demand for I-beam, U-beam and H-beam are higher than that for merchant bar. Consequently, there is a supply shortage for these goods. South Korea seems to be particularly active, especially in H-beam sales. Turkey, which does not produce this item and previously imported it in the main from Europe, is now importing from South Korea.