The gradual revival which has started to be seen in the Yemeni domestic
rebar market has continued this week, while the increase in the volume of inquiries from Yemeni
rebar importers has also continued.
Last week, Turkish
rebar offers to
Yemen were standing at $630-635/mt CFR on theoretical weight basis. Moving to this week, Turkish
rebar offers have strengthened by about $10/mt in line with the current uptrend in the long steel market in general this week to $640-645/mt CFR on theoretical weight basis, for September shipments. According to market sources,
Yemen's current
rebar demand is above 10,000 mt and Turkish
rebar transactions to the country are expected to reach 40,000-50,000 mt in August.