Domestic rebar quotations stable in Iraq, offers from Turkey soften

SteelOrbis has learned that rebar prices in Iraq are still at the level of $730/mt ex-warehouse. Even though rebar demand has remained strong in Iraq, shortages of funds have caused the trade volume for rebar to shrink in the country.
 
For now, as traders have expensively-purchased products in stock, rebar prices have remained unchanged in Iraq, while the rebar offers of steel producers in the Iskenderun region of Turkey to Iraq have softened further this week to $645-655 ex-works on actual weight basis and for June shipments