Turkish merchant bar export offers

In the Turkish merchant bar export market the price softening seen in small and medium sized merchant bars has started to be felt also as regards IPE. As of today, November 20, Turkish rolling mills are offering angles for export at $550-580/mt FOB on actual weight basis for November shipments. In addition, flat bars are being offered at $560-580/mt FOB, 80-100-120 mm IPE is being offered at $590-600/mt FOB, IPN-UPN are being offered at $560-590/mt FOB, 80-100-120 mm IPE A is being offered at $600-610/mt FOB and 80-100-120 mm IPE AA is being offered at $610-620/mt FOB - all on actual weight basis, excluding VAT and also for November shipments. However, it should be taken into consideration that some mills may give offers below the above prices depending on their stock levels.