At the beginning of April, Turkish rebar export prices were on the uptrend, and steel mills rose nearly $ 10 / t, with a target price of $ 440-450 / t (FOB). Steel mills believe that seasonal gains in the domestic market will drive export prices, but buyers are skeptical about price hikes, mainly China's export quotes are weak, export market demand has not rebounded significantly, and is expected at the end of the constitutional referendum , Turkey's domestic market demand will remain in the doldrums.
In the European market, European traders have said they have delayed the purchase of Turkish resources due to the export price of the Turkish rebar. In the Far East market, the price of 440 US dollars / ton (FOB) of Turkey is not much competitive due to the decline in iron ore and Chinese rebar prices. In the US market, Turkish rebar is quoted at $ 510-515 / tonne (CFR, Houston), while the last order price for a deal does not exceed $ 500 / t (CFR, Houston). In the UAE market, the Turkish newspaper (CFR, Ali port), the buyer's inquiry price is only 420-425 US dollars / ton (CFR, Ali port), the local rebar prices fell to 460-464 US dollars / ton The
Currently. Turkish rebar exports are quoted at $ 425 / tonne (FOB), up $ 5 / tonne from last week.
