Turkish rebar export market

SteelOrbis is informed that Turkish mills are offering rebars for export at $515-520/mt FOB on actual weight basis for March shipments to destinations other than the US and Gulf markets. It is also heard that bookings have been concluded at around $515/mt FOB to southern Europe. Although the market has slowed down, small tonnage bookings have been concluded to Russia at above $520/mt FOB. Offers for the UAE are at $520-525/mt CFR on theoretical weight basis. However, the UAE market seems calm this week. The rising scrap market, the strong billet market and the European market which has started to gain in strength with the New Year may cause prices to increase further.