Turkish rebar offers to Egypt

SteelOrbis has learned from market sources that Turkish mills’ rebar offers to the Egyptian market are now standing at $660/mt CFR on actual weight basis for prompt shipments. It is reported that Egyptian buyers concluded some rebar transactions from Turkey just before the Feast of Sacrifice holiday at $650/mt CFR. SteelOrbis has further learned that some Egyptian traders are still seeking Turkish material at $650/mt, as they seek to supply improved domestic demand.