Rebar offers from Turkey to UAE indicate softening

SteelOrbis has learned that Turkish producers' rebar offers to the UAE have declined by $10-15/mt as compared to last week. At present, Turkish producers are offering almost 40,000 mt of rebar to the UAE at $670-675/mt CFR on theoretical weight basis and for end of May shipments.
 
Last week, rebar transactions totaling 40,000 mt were concluded at the above price level from Turkey to Dubai.