Turkish rebar demand is weakening but export prices are still rising

   Although the Turkish rebar export market demand is weak, but as of August 17, last week rebar export prices are still rising. Turkish rebar export FOB price of 520-530 US dollars / ton, the previous week the price of 515-520 US dollars / ton.In view of the recent rise in scrap and billet prices, Turkish mills have further increased the offer for rebar FOB exports to $ 520-530 / t, but traders have refused to buy rebar at temperatures above $ 520 / tonne.

   Some people familiar with the forecast, with the Turkish holidays approaching, the next week rebar purchase price will increase.Last week, wire exports FOB price of 540-550 US dollars / ton, unchanged from the previous week.