Turkish rolling mills' export offers for merchant bars are continuing their downtrend. Although the price levels have been declining, it is observed that demand has still failed to progress.
Accordingly, Turkish rolling mills are offering angles for export at $830-860/mt FOB on actual weight basis for late September/early October shipments. In addition, flat bars are being offered at $840-870/mt FOB, 80-100-120 mm IPE is being offered at $980-1,000/mt FOB, IPN-UPN are being offered at $840-870/mt FOB and 80-100-120 mm IPE AA is being offered at $990-1,010/mt FOB - all on actual weight basis and also for late September/early October shipments.
It should be taken into consideration that traders with previously taken positions may give offers at lower levels than the abovementioned prices.