As SteelOrbis has heard from market sources, Turkish rebar export offers are still standing at $590-600/mt FOB on actual weight basis, indicating no changes over the past two weeks. The softening in the price range of the latest import scrap bookings has resulted a weakening of support for the rebar export offers of Turkish mills. Thus, Turkish rebar export offers are expected to soften in the coming period.
Ex-Turkey rebar deals have continued to be concluded in the above price range in North Africa though for small tonnages, while offers for Israel are standing at $610-615/mt CFR though demand for these offers has remained weak. Meanwhile, Turkish rebar offers to the UAE are at $590/mt CFR on theoretical weight basis, but demand is low and so no deals have yet been concluded in the UAE at these levels.
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