Due to the Feast of Sacrifice holiday on September 12-15, trading activity in the Turkish rebar export market has been quite slow this week and no bookings have been heard.
While a Turkish steel producer concluded a rebar deal in the United Arab Emirates (UAE) in last week at $395/mt CFR on theoretical weight basis, Turkish traders’ rebar quotations to the export markets continued to remain stable week on week at $360-390/mt FOB. Meanwhile, market sources expect trading activity to pick up slightly as of the coming week.