Turkish mills aim to firm up export rebar prices amid tough margins

摘要

Turkish mills looked to strengthen export rebar prices Wednesday amid a continued poor spread between import scrap prices and export rebar prices, as well as weak demand. S&P Global Platts assessed Turkish exported rebar at $417.50/mt FOB Turkey Wednesday, up $2.50/mt on day. The spread between Turkish import scrap and Turkish export rebar was $151.50/mt Wednesday, up $2.50/mt on day, but remaining far below the $165-$170/mt level that mill and trader sources have cited as the minimum margin for Turkish producers.