04
Jun
16:05
Turkish rebar sentiment bullish following Hong Kong sales
Turkish rebar producers are yet to see satisfactory demand in export markets, though they expect demand to pick up in the near future, Kallanish understands. Rebar demand in the domestic market is strong and domestic prices are increasing.
A Turkish mill sold a large-tonnage rebar cargo to Hong Kong on Wednesday at $435/t cfr actual weight, for September shipment. The fob price corresponds approximately to $410-412/t. With the strong steel demand in Asia, Tur…
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Anonymous
Very good overview of the weekly steel market.
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