Turkish export rebar and wire rod prices strengthened in the week to Thursday October 22 amid limited material supply and higher scrap costs, sources have told Fastmarkets.
"Mills sold quite a lot of rebar for export in earlier weeks so, when you ask, the earliest date they give you [for delivery] is January," one source said.A 50,000-tonne rebar cargo scheduled for shipment in January was reported sold to Singapore at $465 per tonne cfr on a theoretical weight basis this week. Sources estimated this to be equivalent to $445-450 per tonne...