SteelOrbis has learned that, while last week steel producers in the Iskenderun region of
Turkey offered
rebar to
Iraq at $665-670/mt ex-works on actual weight basis and for June shipments, this week offers have declined to the level of $660/mt ex-works on actual weight basis and for June shipments.
On the other hand, the local
rebar market in
Iraq continues to be negatively affected by sluggish demand, which places downward pressure on prices. Accordingly, this week
rebar quotations in the Zaho region of northern
Iraq have softened to $730/mt ex-warehouse.