Turkish Rebar: Daily Rationale - Friday, September 20, 2019
S&P Global Platts assessed Turkish exported rebar at $402.50/mt FOB Turkey Friday, down $5 day on day.
An Iskenderun mill source cited deals completed at $410/mt FOB and $415/mt FOB for volume of 1,000-5,000mt, below the 10,000 mt volume specification in Platts methodology. The seller also cited a tradable value at $400-$405/mt FOB for 10,000 mt.
Another Iskenderun mill source also cited a tradable level of $400-$405/mt FOB, while a third Iskenderun mill source cited a tradable value at $400/mt FOB and an offer level at $405/mt FOB.
A trading source cited a tradable value of $400/mt FOB and below, while a bid was reported by a second trading source at $405/mt FOB.
Offers were heard at $410/mt FOB Izmir and $413/mt FOB Marmara, according to a trading source, and at $410-415/mt FOB Iskenderun, according to a mill source.
No data was excluded from the assessment.
The above rationale applies to Platts' daily Turkish rebar assessment, with the associated market data code: STCBM00.