Rebar quotations soften slightly in Yemen, demand indicates weakness

As SteelOrbis has heard from local sources, this week in the local Yemeni market traders' rebar prices have softened by $5/mt as compared to previous weeks to $760-765/mt ex-warehouse.
 
Meanwhile, rebar demand had been at moderate levels some weeks ago in the market but has started to weaken recently and so efforts made to increase quotations have been unsuccessful.
 
Market players state that over 40,000 mt of rebar have been imported from Turkey in the current month. Rebar offers from Turkey to Yemen are standing at $680-685/mt CFR on theoretical weight basis.