October 16, 2008

Turkish rebars exports to Middle East weakening

It is reported that the exports of Turkish rebars has softened in recent weeks, especially to USA and UAE although exports to Iran, Lebanon, and Kuwait are still firm.

As per report, the latest export price offered to the Iranian market is at USD 620 to USD 630 per tonne on CFR basis while price for other areas except for American and Persia Gulf market, shipments delivered in November and December are quoted around USD 560 to USD 570 per tonne on FOB basis on actual weight.