SteelOrbis has heard that Turkish rolling mills are offering angles for export at $1,120-1,130/mt FOB on actual weight basis for June shipments. In addition, flat bars are being offered at $1,130-1,140/mt FOB, 80-100-120 mm IPE is being offered at $1,190-1,200/mt FOB, IPN-UPN are being offered at $1,130-1,140/mt FOB and 80-100-120 mm IPE AA is being offered at $1,200-1,210/mt - all on actual weight basis and also for June shipments.
The Turkish merchant bar producers, which are having difficulties in concluding sales in the local Turkish market due to the tight demand level and high price levels, are obtaining greater relief in the export market these days, where billet price levels of up to $1,000/mt are being seen. As the producers pass the scrap and billet price increases on to longs, they are having trouble giving consistent prices; their offers have been varying depending on the regions in question. It is expected that the buyers, who are currently deliberating over the new offer levels, will likely accept the price levels in question.