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Price Assessment

Turkish Rebar Export Price

  • Turkish Rebar: Daily Rationale - Friday, September 20, 2019
  • What is the Turkish Rebar Export Price?
  • How Platts assesses Turkish Rebar Exports

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.

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

S&P Global Platts assessed Turkish exported rebar at $457.50/mt FOB Turkey on Wednesday, down $2.5/mt on day. A purchase of 15,000 mt, split into three lots, was heard Wednesday at $455-460/mt FOB, a buyer in Europe reported.

A rebar producer in Turkey said it had received bids at $455-$460/mt FOB but no deals were concluded. The company added it was targeting minimum $465/mt FOB Turkey on actual weight basis.

Another producer said he was asking $465-$470/mt FOB. One trader estimated $460/mt FOB was achievable. No bookings at $460/mt FOB or higher were reported however.

No data was excluded from the assessment.

The above rationale applies to Platts' daily Turkish rebar assessment, with the associated market data code: STCBM00

Methodology and Specifications

SEE ALL METALS METHODOLOGIES
SEE ALL METALS METHODOLOGIES

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