Turkish rebar export prices stable, demand may improve ahead of Ramadan

Thursday, 13 June 2013 15:03:27 (GMT+3)   |   Istanbul
According to market sources, Turkish rebar export offers have been stable at $560-570/mt FOB since last week. Meanwhile, Turkish mills' rebar offers may indicate some strengthening as the scrap market appears to have hit the bottom. Despite the approach of Ramadan, if prices start to gain strength and if foreign buyers seek to accelerate their purchasing activities ahead of possible price increases, demand will likely register some improvement.

In the meantime, according to the data released by the Turkish Statistics Institute (TUIK), in the first four months of the current year Iraq was Turkey's biggest rebar export destination with 457,671 mt, followed by the UAE with 339,528 mt.

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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