Despite year end stagnation optimism has not left the supplier of long products to Middle East. It is learnt that Turkish mills have been mulling USD 5 per tonne to USD 10 per tonne increase as the market re opens in 2013.
It is learnt that Turkish mills have commenced offering at USD 600 per tonne to USD 610 per tonne FOB for February booking.
Some mills having healthy order books are testing even USD 15 per tonne. Likewise WRC is being offered from Turkish mills at USD 620 per tonne FOB.
Black Sea mills are slugging their way out of frigid waters but the Turkish counterparts have already uped the ante with billet levels touching USD 545 per tonne to USD 555 per ton FOB.
Coming weak will enunciate the verdict about transactions falling in place.
