Platts corrects Feb. 25 Turkey rebar rationale and commentary

Platts, part of S&P Global Energy, has corrected the rationale and the commentary for its daily Steel Rebar FOB Turkey assessment for Feb. 25.

The correction affects only the rationale and commentary and not the assessment. The price assessment on Feb. 25 remains at $555/mt FOB Turkey.

The corrected rationale for Feb. 25 corrects the tradable value range and should read as follows:

Platts assessed Turkish exported rebar at $555/mt FOB Turkey Feb. 25, unchanged day over day.

Offers were reported at $555-$570/mt FOB Turkey. The repeatability of the lower end of the offer range could not be determined by market close.

Tradable values were reported at $553-$565/mt FOB Turkey.

The above rationale applies to the Platts daily Turkish rebar assessment, with the associated market data code: STCBM00.

Platts is part of S&P Global Energy.

This rationale applies to symbol STCBM00.

No data was excluded from the assessment.

The corresponding commentary was also corrected as follows:

Fourth line: Tradable values were reported at $553-$565/mt FOB Turkey.

Seventh line: The trader pegged Marmara-based mill offers at $560-$570/mt FOB Turkey and tradable levels at $553-$565/mt FOB Turkey.

The Platts Steel Rebar FOB Turkey rationale is published in Steel Business Briefing, Steel Price Report, and on S&P Global Energy Core and the commentary is published in Steel Business Briefing, Global Market Outlook, and on S&P Global Energy Core.