Turkish rebar offers to Yemen adjusted upwards

SteelOrbis has learned from market sources that Turkish rebar offers to Yemen, which were at $620-630/mt CFR last week, have been adjusted upwards to $630-640/mt CFR in line with the overall upward trend in Turkish rebar prices. However, no transaction has been heard so far at this price range, as Yemeni buyers are delaying their purchases in anticipation of a price cut, though they are aware of the uptrend in Turkish rebar prices.