Yemeni buyers wait for ex-Turkey rebar offers to soften further

SteelOrbis has learned that since early this week Turkish producers' rebar offers to the local Yemeni market have been standing at $620-625/mt CFR, on theoretical weight basis and for July shipments, compared to $625-630/mt CFR last week. However, no transactions have been concluded so far at the new price range, because Yemeni buyers prefer to wait as they believe Turkish rebar offers will likely drop further.