Turkish Rebar - Daily Rationale
S&P Global Platts assessed Turkish exported rebar at $640/mt FOB Turkey on Feb. 24, up $10/mt on day.
One Turkish trader put an indicative tradable value for 10,000 mt at $640/mt FOB. One Iskenderun mill source put a mill tradable value for 10,000 mt at $640/mt FOB.
One Marmara mill source reported a deal for a top-up cargo totalling 8,000 mt added to previous deal to Singapore at $640/mt FOB.
Another EU trading source cited an indicative tradable value for 10,000 mt at $635-$640/mt FOB, with mill offers at $640-$650/mt FOB. A third Turkish trader put an indicative tradable value for 10,000 mt at $635-$640/mt FOB.
Another Iskenderun mill source put an indicative tradable value depending on volume at $630-$640/mt FOB.
A second Marmara mill source put a mill offer for 10,000 mt at $650/mt FOB.
No data were excluded from the assessment.
The above rationale applies to the Platts daily Turkish rebar assessment, with the associated market data code: STCBM00