Turkish rolling mills' export offers for merchant bars have been continuing their downtrend with the decrease in ex-CIS billet prices.
Accordingly, Turkish rolling mills are offering angles for export at $520-530/mt FOB on actual weight basis for December shipments. In addition, flat bars are being offered at $530-540/mt FOB, 80-100-120 mm IPE is being offered at $560-580/mt FOB, IPN-UPN are being offered at $540-550/mt FOB, 80-100-120 mm IPE A is being offered at $570-590/mt FOB and 80-100-120 mm IPE AA is being offered at $580-600/mt FOB - all on actual weight basis, excluding VAT and also for December shipments.
While Turkish mills' export offers currently show wide variation, it should be taken into consideration that some mills may give offers below the above prices depending on their stock levels.