SteelOrbis is informed that Turkish mills are offering rebars for export at $640-650/mt FOB on actual weight basis for June shipments to destinations other than the US and Gulf markets.
Turkish rebar export offers have generally remained unchanged compared to last week. According to reports, sales were concluded at $640/mt FOB to the UK last week. Also last week, a high-priced rebar booking was made to the UAE at $645/mt CFR on theoretical weight basis. This week, offers for the UAE are at $655/mt CFR on theoretical weight basis. This offer level has not been accepted in the UAE for the time being. Customers in this region are not interested in making purchases at this price before being sure that producers will keep their prices unchanged for June shipments.