SteelOrbis has learned that domestic
rebar prices in Zakho, northern
Iraq have remained unchanged at $720-725/mt ex-warehouse, while
rebar offers from
Turkey’s Iskenderun region to the country have softened further by $5/mt on the upper end as compared to last week, declining to $640-645/mt ex-works. In the meantime, a large volume transaction from Iskenderun to
Iraq has been concluded at $625/mt ex-works. The softening of
Turkey’s
rebar offers to
Iraq is expected to continue in the coming period.