Indicative rebar prices for the US from Turkish mills now range from $1,390 /mt to $1,400 /mt CFR FO in US Gulf ports. The $50 /mt price increase that Turkish mills asked for two weeks ago was not accepted, and due to slow conditions, Turkish mills have revised their indications downward, below the previous price level.
Japanese rebar offers to the US have decreased by $20 /mt in the last week, with most offers now ranging from $1,200 /mt to $1,210 /mt CFR FO in US Gulf ports.