According to market sources, Turkish
rebar offers to
Yemen stand in the range of $560-565/mt CFR on theoretical weight basis for shipment in November, down by $10/mt since last week. However, demand for these offers in the local Yemeni market is on the weak side.
Meanwhile, Chinese
rebar offers for the same destination are at $425/mt FOB on actual weight basis. Yemeni buyers find the Chinese offers more attractive than the Turkish
rebar prices, while an ex-
China deal in
Yemen for about 10,000 mt of
rebar has been concluded in the past week at this price level.