Turkish mills try to pull up rebar on higher scrap, moderate sales

Friday, 11 October 2019 16:28:18 (GMT+3)   |   Istanbul
       

Turkish rebar export prices have increased by $5/mt during the past week to $400-410/mt FOB in most offers for end of October-November shipments. Due to international rebar demand being sluggish, the overall Turkish rebar sales remain slow, however, some volumes were traded to the regular destinations.

Turkey sold around 15,000-20,000mt to Yemen for once folded rebar at 405-410$/mt FOB for November shipment. In addition, a 5,000-10,000 mt to the Mediterranean region at $400-405/mt FOB, for the same shipment term. For Israel offers were heard at $430-435/mt CFR LO Israel at the beginning of this week. However, Israeli market faced today $5/mt price increase in rebar export prices from most of Turkish mills. In addition, one of the mills last week sold around 20,000-25,000 mt to Ethiopia of once-folded rebar at $395/mt FOB.

Turkish wire rod export prices have increased by $5/mt during the past week to $435-445/mt FOB for November shipments. Some deals were reported to the African continent, however, the details could not be disclosed by the time of publication.

 


Most Recent Related Articles

Turkish mill Icdas raises its rebar price

Local Turkish rebar spot prices increase slightly

Turkish mills try to increase their export longs offers

Local Turkish rebar spot prices edge up

Large Turkish rebar lot sold to Asia after long break