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Price Assessment

Turkish Rebar Export Price

  • Turkish Rebar: Daily Rationale - Tuesday, November 19, 2019
  • What is the Turkish Rebar Export Price?
  • How Platts assesses Turkish Rebar Exports

Turkish Rebar: Daily Rationale - Tuesday, November 19, 2019

S&P Global Platts assessed Turkish exported rebar at $421/mt FOB Turkey on Tuesday, unchanged from Monday.

A firm offer was quoted at $425/mt FOB Marmara by a Turkish seller, while two indicative offers were heard at $425/mt FOB, according to two trading sources.

A sale to the Far East (Hong Kong, Singapore) of 500-1,000 mt was quoted at $430/mt FOB by an Iskenderun steelmaker.

Three traders reported tradable values at $420/mt FOB, while one Turkish trading source cited a workable market price at $421-425/mt FOB. Another trading source put tradable value at $422/mt FOB.

A mill offer was heard at $425/mt FOB Izmir, according to a Turkish trader, while a separate Turkish seller quoted tradable value at above $420/mt FOB.

No data was excluded from the assessment.

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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