Turkish Rebar: Daily Rationale - Thursday, February 27, 2020
S&P Global Platts assessed Turkish exported rebar at $436/mt FOB Turkey on Thursday, down $3.75 day on day.
A Turkish trading source cited a tradable value for 10,000 mt at $435/mt FOB, while a second trading source also cited a tradable value at $435/mt FOB but said there was little buying interest at this level.
A third trading source cited a tradable value at below $440/mt FOB but said $435/mt FOB was currently difficult to attain.
A Marmara mill source cited an official offer at $440/mt FOB Marmara, while a Lebanese trading source cited mill offers at $440-$445/mt FOB.
No data was excluded from the assessment.
The above rationale applies to Platts' daily Turkish rebar assessment, with the associated market data code: STCBM00.