Turkish rolling mills' export offers for merchant bars continue to drop; however, the softened prices have not been met by any increase in demand.
Accordingly, Turkish rolling mills are offering angles for export at $1,140-1,160/mt FOB on actual weight basis for August/September shipments. In addition, flat bars are being offered at $1,150-1,170/mt FOB, 80-100-120 mm IPE is being offered at $1,240-1,260/mt FOB, IPN-UPN are being offered at $1,150-1,170/mt FOB and 80-100-120 mm IPE AA is being offered at $1,250-1,270/mt FOB - all on actual weight basis and also for August/September shipments.
It should be taken into consideration that traders with previously taken positions may give offers at lower levels than the abovementioned prices.