Rebar export offers given from Turkey are currently at the levels of $415-420/mt FOB on actual weight basis. Turkish producers' export and domestic offers for rebar started to register an uptrend toward the end of last week. It is observed that prices have climbed to around $420/mt FOB Turkey from the level of $385/mt in the early days of last week, and that some deals have been concluded to Syria, Egypt and Iraq at the new price level. A further price increase is possible if the end-user demand levels in the foreign markets maintain their stability.
