Oman achieves higher rebar prices in latest sales to UAE

Rebar producers from Oman have managed to benefit from the rebar price hikes in the UAE announced for January production.

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Product Weekly Change (%)
Iron Ore 62% Fe, CFR China, $/mt 2.8
Scrap HMS I/II 80:20, CFR Turkey, $/mt -3.68
Billet FOB CIS, $/mt 0
Rebar FOB Turkey, $/mt -1.12
HRC FOB China, $/mt 2.53
Wire Rod FOB China, $/mt 1.56
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Product Weekly Change (%)
Billets CFR Turkey -1.76
Billets FOB Black Sea 0
Rebar FOB Turkey -1.12
Scrap HMS I/II 80:20 CFR Turkey 0
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  Weekly Change (%)
Turkish Rebar Index -1
Turkish Scrap Index -0.49
China rebar export index 0
China wire rod domestic market index 0.32
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USA Scrap Export January - June 2019 / mton
Turkey 1,755,259
Canada 907,681
Taiwan 872,892
South Korea 724,256
Mexico 698,192
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