Turkish rebar export offers soften slightly after trending sideways for long time

At the beginning of this week, Turkish rebar export offers were at $605-615/mt FOB after trending sideways for quite a while. However, SteelOrbis has learned from market sources that Turkish mills' rebar export offers have softened by $5/mt on the lower end of the price range during the current week, declining to $600-615/mt FOB. Turkish mills have dragged their prices down to $600/mt FOB in order to fill their order books before the unfavorable conditions in the Turkish domestic rebar market also affect the export markets. However, no new transaction has been heard so far at these price levels. 
 
The Turkish domestic rebar market may see some slight increase in activity this week as the end of the month is approaching, while it is also thought that Turkish rebar export offers may indicate some softening, if the current unfavorable conditions continue to prevail in the Turkish domestic rebar market.