By Cem Turken – Thursday 16 September
Turkish rebar and wire rod export prices remained largely unchanged this week due to a lack of demand, market participants told Fastmarkets on Thursday September 16.
Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), export, fob main port Turkey, was stable week on week at $660-670 per tonne on Thursday.
The country’s steelmakers have been offering the material for export at $670- 675 per tonne fob on an actual-weight basis. However, the demand in the major export outlets remains sluggish and no significant exports deals were heard apart from small sales to the North Africa region.
“Demand in Southeast Asia is still very weak. If the buyers do not resume their rebar purchases from Turkey, I expect to see some sharp price [falls],” said a Turkish mill source.
“Demand for rebar and wire rod exports is sluggish. I think the workable price in Southeast Asia is about $630-640 per tonne,” another mill source added.
The wire rod export prices in Turkey have also remained steady over the past week.
Fastmarkets’ weekly price assessment for steel wire rod (mesh quality), export, fob main port Turkey, was $770-780 per tonne on Thursday September 16, unchanged week on week.
(MetalBulletin, 16 Sep, 2021)
