It is reported that Turkish steel exporter said that there are more inquiries from China for rebar.
It indicates that Chinese market is healthy and strong and more orders cold be made in the coming weeks. It is reported that Turkey currently sells deformed bars at USD 430 per tonne to USD 440 per tonne down by USD 10 per tonne to USD 20 per ton from last week.
Russia also supplies rebar at the same price level. However, Turkey’s price seems more competitive than Russia’s price in the area out of Black Sea due to lower shipping cost.
SOURCE:YIEH.COM