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.