Turkish origin rebar prices increase in UAE

This week, ex-Turkey rebar offers to the UAE have increased by $15/mt as compared to last week to $610-615/mt CFR for shipment in late April. However, these offers have failed to attract attention in the region as local buyers are waiting to hear the new price levels of local steel mill ESI and Qatar-based Qatar Steel, which are expected to be announced this week, before they start to conclude purchases.