Meanwhile, Turkish mills have currently increased the volume of their offers to the Middle East and North Africa region (MENA) and it will become clearer by next week how much demand Turkish origin rebar offers will receive in the external markets.
On the other hand, Turkish rebar offers to the Saudi market are at $580-585/mt CFR on theoretical weight basis, while ex-Turkey rebar offers for Israel and Yemen can be found in the range of $595-605/mt CFR on theoretical weight basis. In addition, Turkish rebar offers from the Iskenderun region to Iraq, which are at $595-600/mt ex-works, are attracting demand in the Iraqi market and sales are at good levels.
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