Turkey’s rebar export activity remains slack

Similar to the Turkish domestic rebar market, Turkey's rebar export activity has also remained quiet. Turkey's rebar export offers, which were at $650-665/mt FOB last week, have narrowed this week to $650-660/mt FOB, although there has not been demand for these offers yet.
 
The strengthening of the US dollar has raised concerns in the global markets, while the fruitless efforts to form a new government in Greece have increased uncertainty in the euro zone, causing market players to delay their short-term plans. Market players are expected to decide their next move once the market gain clearer shape. In the meantime, buyers are postponing their bookings, anticipating lower prices. The general opinion in the market is that the US dollar will continue strengthening against the euro in the coming days. If this happens, activity in the steel markets will continue to remain slack in the coming period.