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