Turkish merchant bar export offers

Turkish merchant bar export offers have this week started to soften under the influence of declining scrap and billet prices. Accordingly, Turkish rolling mills are offering angles for export at $500-510/mt FOB on actual weight basis for February/March shipments. In addition, flat bars are being offered at $500-510/mt FOB, 80-100-120 mm IPE is being offered at $530-540/mt FOB, IPN-UPN are being offered at $510-520/mt FOB, 80-100-120 mm IPE A is being offered at $540-550/mt FOB and 80-100-120 mm IPE AA is being offered at $550-560/mt FOB - all on actual weight basis, excluding VAT and also for February/March shipments. Meanwhile, offers show some variation depending on stock levels and regions.