Turkish Rebar - Daily Rationale
S&P Global Platts assessed Turkish exported rebar at $442.50/mt FOB Turkey on Aug. 13, down 50 cents from Aug. 12.
A Turkish rebar exporter cited an offer at $445/mt FOB Marmara. He put a tradable value at $443/mt FOB, for 10,000 mt. A Turkish trading source reported offers at minimum $445/mt FOB and tradable values at $443/mt FOB. Two trading sources put a tradable value for 10,000 mt at $440/mt FOB. Other two sources said that the workable price level for 10,000 mt was $445/mt FOB on the day. Another trader said that Turkish mills were quoting $450/mt FOB for rebar with negotiable price level at $440/mt FOB Turkey for quantities minimum 10,000 mt. Lower quantities were tradable at $445/mt FOB, he added.
No data was excluded from the assessment.
The above rationale applies to the Platts daily Turkish rebar assessment, with the associated market data code: STCBM00