Turkish merchant bar export prices

During the past two weeks, demand for Turkish merchant bar in the export markets has remained weak, while Turkish merchant bar export offers have softened further in the same period.
 
Buyers in the foreign markets are still expecting a further decline in Turkish merchant bar export quotations. However, rebar prices in the local Turkish market have improved in the past two days. If this upward trend in the Turkish domestic rebar market continues and is supported by demand, the rises in Turkish domestic rebar quotations are expected to be reflected in merchant bar prices both in the domestic and export markets.
 
Turkish merchant bar export prices have decreased by $30/mt in the period in question to the following levels:

All prices are on FOB basis and for July shipment.