Turkish rebar price goes up in line with more demands and increases of scarp and square billet prices; the current Turkish rebar export price is USD 465 per tonnes to USD 490 per tonnes.
Turkey offers higher price to Egypt because Egypt requests the immediate shipment. Besides, even thought the construction industry may be benefit by good weather, Turkish distributors are hesitating if it’s right time to purchase because the Turkish end users’ demands are not more and the rebar price consecutively enhances.
Meanwhile, UAE’s rebar market slightly revives recently; however, UAE’s importers are trying not to increase the stock, the settle price for some resources between Turkish steel mills is about CFR Dubai USD per tonnes to USD 465 per tonnes.
It’s said that Turkish rebar mills may raise the offers to UAE, but UAE’s market is facing the cash flow problem and retardation of construction industry nowadays.