Latest situation for Turkish rebar exports

Turkish steel producers' rebar export offers to Egypt and to West and Central Africa have decreased by $5/mt on the low end over the past week to $345-355/mt FOB. Market players state that demand in the Egyptian market has been quiet this week, while no new Turkish rebar deal has been heard in the market during the past week.
 
Two Turkish steel producers have concluded rebar deals to the UAE, their most important rebar market. Turkish producers have sold total of 40,000 mt of rebar to the country at $348-352/mt CFR on theoretical weight basis, while another Turkish producer has concluded a deal for 18,000 mt of rebar to the UAE in the same price range, though the seller has not confirmed this deal yet.
 
Meanwhile, Turkish rebar offers to the US have remained stable over the past week at $350-360 CFR FO in US Gulf ports. Turkish steel producers have insisted on keeping their prices to the US unchanged this week, after concluding import scrap deals at increased price levels. However, this price range has not been accepted by US-based buyers, who are waiting for Turkish rebar prices to fall before concluding new bookings.