Turkish merchant bar export offers increase
SteelOrbis has heard that Turkish mills are offering equal angles for export at around $550/mt FOB St on actual weight basis via sight L/C for end July/early August shipments, while export offers for flat bars are at around $560/mt FOB St on actual weight basis via sight L/C for end July/early August shipments. Last week, bookings were concluded at 530-535$/mt FOB to Spain and the UK. However, new offers increased due to the strong domestic market. Customers are not interested with the offers at these levels.