It is reported that rebar demand has kept going strongly in U.A.E. domestic market. Thus, Turkey's rebar mills have increased its rebar offers to U.A.E.. Turkish rebar export offer price is currently US$575~580/MT CFR U.A.E. in theoretical weight by July shipment. It is said one of U.A.E. buyers has purchased 2,000 tons rebar by US$580/MT (CFR) by July shipment. However, some said the dealing price of Turkey rebar will drop to under US$580/MT (CFR), it caused other U.A.E. buyers preferred to wait for better purchase timing to release their in hand orders.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=64863&division=A4
