Turkish rebar offers to the UAE
SteelOrbis is reported that there is no change in Turkish
rebar offers of USD 490/mton CFR for the
UAE market, mentioned in our report of Sept. 30th. Though there are no orders concluded from this price, producers are trying to stay at these price levels. Local traders are reluctant to pass these prices on to their own customers, so there is a wait and see situation in the market. Meanwhile, the GCC mills are still benefiting from this situation.