Turkish rolling mills' export offers for merchant bars have been maintaining their levels as compared to last week. Despite increasing course of scrap and export billet prices, there is no change observed in merchant bar prices.
Accordingly, Turkish rolling mills are offering angles for export at $500-520/mt FOB on actual weight basis for January shipments. In addition, flat bars are being offered at $510-520/mt FOB, 80-100-120 mm IPE is being offered at $550-560/mt FOB, IPN-UPN are being offered at $520-530/mt FOB, 80-100-120 mm IPE A is being offered at $560-570/mt FOB and 80-100-120 mm IPE AA is being offered at $570-580/mt FOB - all on actual weight basis, excluding VAT and also for December shipments.
Meanwhile, it should be taken into consideration that some mills may give offers below the above prices depending on their stock levels.