Market sources indicate that Turkish rebar offers to Yemen have softened by $5-10/mt over the past three weeks to $585-590/mt CFR on theoretical weight basis for July shipments. Yemeni buyers have concluded deals for 70,000-80,000 mt of rebar from Turkey at $585/mt CFR in recent days, though rebar demand in the country has started to weaken amid the approach of Ramadan which begins on July 9.
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