After
Iraq outlined its budget for 2013 last week,
rebar market prices in Zakho in northern
Iraq had tested the price level of $730/mt ex-warehouse and
rebar offer prices from
Turkey’s Iskenderun region to
Iraq had increased. While no steep changes have been seen in the Iraqi
rebar market in the past three weeks,
rebar export offers from Iskenderun to
Iraq are currently standing at $640/mt ex-works, while domestic
rebar spot prices in Zakho are at $725/mt ex-warehouse.