The offer prices of most Turkishrebarexporters are still at $450-455/mt FOB, while some Turkish mills have already been voicing $460/mt FOB. The latest deal was closed to Singapore for 50,000 mt at $463/mt CFR on theoretical weight basis last week. Sources estimate the sale at $442-443/mt FOB. Another sizeable order for Turkishrebaris said to be under negotiation from Asia these days, SteelOrbis has learned.Turkeyis mainly offeringrebarfor December shipments. Soon, more Turkish mills are expected to target higherrebarprice levels as import scrap prices have once again moved up in the latest deals.
The local Turkish market has been very quiet as players have been waiting for the Turkish Central Bank’s announcement on interest rates, which have been kept stable today. Yesterday, Turkish producers’ generalrebarprice range was at $450-454/mt ex-works, while local traders’ spotrebar价格在441 - 449美元/吨出库。
In thewire rodsegment, most Turkish mills are currently offeringwire rodat $515-530/mt FOB, mainly for January shipment. No freshwire roddeal has been heard by the time of publication.