Turkey sells large rebar cargo to US, mills largely positive

A Turkish mill has closed a 30,000 mt rebar deal to the United States at $565/mt CFR on theoretical weight basis, duty paid.

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Product Weekly Change (%)
Iron Ore 62% Fe, CFR China, $/mt 1.99
Scrap HMS I/II 80:20, CFR Turkey, $/mt 0.95
Billet FOB CIS, $/mt 0.61
Rebar FOB Turkey, $/mt 0.55
HRC FOB China, $/mt 1.43
Wire Rod FOB China, $/mt 0
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Product Weekly Change (%)
Billets CFR Turkey 2.67
Billets FOB Black Sea 0.61
Rebar FOB Turkey 0.55
Scrap HMS I/II 80:20 CFR Turkey 0.95
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  Weekly Change (%)
Turkish Rebar Index 1.31
Turkish Scrap Index 0.9
China rebar export index 0
China wire rod domestic market index -0.16
Click to see full list
USA Scrap Export January - May 2020 / mton
Turkey 1,552,734
Mexico 871,655
Malaysia 774,680
Taiwan 707,184
Bangladesh 602,535
Click to see full list

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