Turkish rebar export prices maintain their soft trend

Friday, 17 May 2013 14:30:26 (GMT+3)   |   Istanbul
Turkish rebar export prices are now standing in the range of $575-585/mt FOB, indicating a decline of $5/mt since last week. However, no deals have been heard at these price levels yet, while the offers may soften to $570/mt FOB in the coming days.

The ongoing decreases in the iron ore and scrap markets have been making it impossible for finished steel prices to record any increases, while market sources think that Turkish steelmakers will likely cut their export prices further in order to diminish their inventories and fill their order books and will in the meantime continue to conclude scrap deals.

Weekly price movements of different steel products in major markets can be viewed comparatively in the SteelOrbis Historical Steel Prices section. Market trends can thus be seen more clearly, while desired charts can be created and used in reports or presentations.   


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