In Week 41, both Chinese and CIS rebar export offers stood at USD 335-340/MT, FoB Main Port.
On a week on week basis, rebar export offers in CIS countries has down by USD about USD 20/MT.
While, Chinese rebar prices in both domestic and export market remained unchanged W-o-W as market was closed owing to National holiday from (1-7 Oct’16).
In the similar lines, UAE imported rebar offers have also fallen by USD 5/MT in the same duration and assessed at USD 360-365/MT.
However, export offers in Turkey have surge by USD 5/MT and stood at USD 360-365/MT.
Global Rebar Offers in Week 41
|
Country-wise |
Offers in USD/MT |
W-o-W |
| China export FoB main port | 335-340 | 0 |
| CIS export FoB Black Sea | 335-340 | -21 |
| Turkey export FoB main port | 360-365 | +5 |
| UAE import CFR Jebel Ali | 355-360 | -5 |
| India (ex-works Mumbai) | 410-420 | +5 |
USD 1 = INR 66.59, USD 1 = RMB 6.67
Source: SteelMint Research
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