SteelOrbis is informed that Turkish mills are offering rebars for export at $600-610/mt FOB on actual weight basis for January shipments to destinations other than the US and Persian Gulf markets.
Turkish rebar prices have seen a rapid increase, with Turkish producers offering at the price level of $590-600 FOB in the early part of the current week. It has been heard that a small tonnage of sales has been concluded at the price level in question. Producers are considering the price level of $600/mt FOB and above. It would be difficult to say that demand is strong. The European and US markets have not yet responded positively to these price increases. It seems that the only market which may look favorably on these prices is the Middle East.
It is heard that rebar offers to the UAE are at the price level of $630/mt CFR and above, on a theoretical weight basis.