Early this week, Turkish mills' rebar offers to the Egyptian market were standing at $690-695/mt CFR, for prompt shipments. However, no transaction hed been reported at this price range.
Approaching to the weekend, Turkish rebar mills' offers to Egypt have declined to $680/mt CFR for prompt shipments. However, despite this Egyptian buyers have concluded no transactions so far, finding Turkish suppliers' price level to be on the high side.