Stronger rebar demand in Turkey reflected in mills’ export offers

Rebar prices in the Turkish domestic spot market have shown increases of about TRY 20-30/mt due to increased activity levels in the local market, producers' increased price levels and higher demand.
 
Although activity in Turkey's rebar export markets is not as strong as in the domestic market, Turkish mills' rebar export offers for May shipments have risen by about $10/mt on the back of support coming from the more positive mood in the domestic market. Accordingly, Turkish mills' rebar export offers for May shipments are currently standing at $680-685/mt FOB on actual weight basis. In the meantime, SteelOrbis has learned that these offers may be as high as $690-695/mt FOB for containerized cargos in smaller tonnages.