Turkish merchant bar export offers maintain a softening trend

Turkish merchant bar export offers are this week continuing to soften. Accordingly, Turkish rolling mills are offering angles for export at $480-500/mt FOB on actual weight basis for March shipments. In addition, flat bars are being offered at $480-500/mt FOB, 80-100-120 mm IPE is being offered at $510-530/mt FOB, IPN-UPN are being offered at $490-510/mt FOB, 80-100-120 mm IPE A is being offered at $520-540/mt FOB and 80-100-120 mm IPE AA is being offered at $530-550/mt FOB - all on actual weight basis, excluding VAT and also for March shipments. Meanwhile, offers show some variation depending on stock levels and regions.