Chinese rebar export offers remained stable at USD 260/MT. While, offers in Turkey raised by USD 8/MT in a week’s time.
Chinese rebar export offers remain unchanged at USD 260/MT W-o-W FoB main port. The pace of declining rebar offers has slowed down in Nov’15 as offers fell by only USD 2/MT from starting of the current month.
On the flip side, Turkey export rebar offers have continued to witness upward movements due to increase in imported scrap offers. Since starting of this month, export offers have been risen by around USD 15/MT and currently stood at USD 348/MT.
Similarly, imported rebar offers in UAE rose by USD 5/MT in last 1-week and stood at USD 353/MT, CFR Jebei Ali.
Global rebar offers as on 20 Nov’15
| Country-wise | Offers in USD/MT | W-o-W |
| China export FoB main port | 260 | 0 |
| CIS export FoB Black Sea | 297 | – 5 |
| Turkey export FoB main port | 348 | + 8 |
| UAE import CFR Jebel Ali | 353 | + 5 |
| India (ex-works Mumbai) | 374 | – 1 |
USD 1 = INR 66.18
Source: SteelMint Research
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