Local Turkish rebar spot prices trend up
Today, January 24, Turkish domestic rebar spot prices have increased by TRY 50-100/mt ($2-6/mt) compared to the end of last week.
Today, January 24, Turkish domestic rebar spot prices have increased by TRY 50-100/mt ($2-6/mt) compared to the end of last week.
As mentioned before by SteelOrbis, South Korean mills are trying to secure scrap tonnages by increasing their import scrap prices.
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Since late Friday, January 21, rumors of deals considered to have been done during the week have been heard in Turkey’s import market.
Mainstream ex-China steel plate offer prices from mills have been heard at $790-800/mt FOB for March shipment as of today.
Local Indian hot rolled coil (HRC) traded prices have remained stable during the past week on improved bookings from producers.
Local Indian cold rolled coil (CRC) traded prices have been stable during the past week with the potential to move in either direction.
Emirati rebar producers have continued to face challenges in selling material due to the insufficient demand from end-users.