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Price Assessment

Turkish Rebar Export Price

  • Turkish Rebar: Daily Rationale - Friday, December 6, 2019
  • What is the Turkish Rebar Export Price?
  • How Platts assesses Turkish Rebar Exports

Turkish Rebar: Daily Rationale - Friday, December 6, 2019

S&P Global Platts assessed Turkish exported rebar at $432.50/mt FOB Turkey Friday, up $4 day on day.

A Marmara mill tradable value for 10,000 mt was heard at $430-$435/mt FOB, according to a trading source, while a second trading source also cited $430-$435/mt FOB for the same volume.

Another trading source cited an indicative tradable value at $435/mt FOB minimum, while an Iskenderun mill source cited a tradable value at $425-$430/mt FOB.

A third trading source cited a bid for 3,000 mt at $435/mt FOB Izmir, which was considered to be unworkable for an Izmir mill that held its official offer at $440/mt FOB. Other mill offers were heard ranging from $435-$450/mt FOB.

Buyers and sellers remained apart, with no deals heard.

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

To evaluate the FOB Turkey rebar price, information on transactions, bids and offers from the entire global market is captured on a daily basis. The data is normalized to reflect the variable freight rates and the purchasing power of certain end user markets when assessing the direction or level of the market.

The price evaluation reflects rebar exported from Turkey on a FOB basis with the following conditions: Loads are normalized to cargoes of a size of 10,000 mt, delivery interval of 2 to 8 weeks and with payment at sight.

Methodology and Specifications

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