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Price Assessment

Turkish Rebar Export Price

  • Turkish Rebar: Daily Rationale - Friday, July 12, 2019
  • What is the Turkish Rebar Export Price?
  • How Platts assesses Turkish Rebar Exports

Turkish Rebar: Daily Rationale - Friday, July 12, 2019

S&P Global Platts assessed Turkish exported rebar at $462.50/mt FOB Turkey on Thursday, stable on the previous day.

Turkish producers surveyed reported offers at $470/mt FOB Turkey.

A trader put tradable values at $460-$465/mt FOB Turkey. Another trader source said the lowest price was $465/mt FOB.

Other trade sources did not consider the level $460/mt FOB to be feasible. Two mills in Turkey said they would not sell at $460/mt FOB, considering recent scrap pricing.

Platts kept its assessment stable at $462.50/mt FOB, as no further downward movement was confirmed amid bearish sentiment.

No data was excluded from the assessment.

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

What is the Turkish Rebar Export Price?

Platts Rebar FOB Turkey assessment has been running since June 5 2006.

It reflects the spot price for sales of rebar in Turkey.

It specifies that the rebar is of Turkish origin and in bulk quantity. Containerized sales are considered as market movement indications but are not factored into assessment.

Platts considers a wide range of pricing weighted by quantity as different end markets pay differing amounts related to consumption.

Platts Rebar FOB Turkey assessment is assessed on a US dollar per metric ton basis with a time stamp of 16:30.

Looking to manage your risk through an Exchange/Clearing House?

The below settlement centres provide risk management tools basis Platts rebar price:

London Metal Exchange

More information: www.lme.com/ferrous

How Platts assesses Turkish Rebar Exports

`For Platts Rebar FOB Turkey assessment, trade, bid and offer information is captured from across the global market.

Data is normalized to reflect variable freight rates and purchasing power of particular end markets in setting market direction or sentiment.

The assessment reflects rebar exported from Turkey on an FOB basis with the following conditions: Cargoes are normalized at 2,000-3,000 mt in size, the window of delivery is between 2-8 weeks and payment terms are at sight.


Methodology and Specifications

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SEE ALL METALS METHODOLOGIES

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