Following last week’s price softening seen in Turkish domestic
rebar market and Turkish suppliers’
rebar export offers,
Turkey’s
rebar export offers to
Egypt had approached to Egyptian buyers’ expectations. In the past week,
Turkey’s
rebar offers to
Egypt have softened further by $5/mt to $670/mt CIF. Given the Egyptian
rebar buyers’ price idea is currently at about $660-670/mt CIF, it would not be surprising to see new transactions from
Turkey to
Egypt soon.