The latest rebar prices from Turkish producers to European countries are at around $610-620/mt FOB for July shipments.
Last week, Turkish producers expected rebar export prices to increase as of this week due to the scrap bookings they concluded two weeks ago at higher levels and due to the activity experienced in CIS billet last week. However, this expectation has not yet been fulfilled, and offers have even decreased slightly compared to last week. The latest sales concluded from Turkey's southern region to Israel and Russia are at around $600/mt FOB. In addition, according to reports, a sale has been made to Tunisia at slightly below this level.