In order to consume the surplus output which will be finished in March and struggle for more orders, Turkish exported price of rebar was quoted at US$420~440/ton FOB, down by US$40 from the previous US$450~460/ton.
Due to the slack demand from the construction industry, Turkish rebar market is suffering a recession.
Currently, only a few orders are booked from Egypt, Saudi Arabia, Iran, Lebanon, Iraq and Romania. Some Turkish rebar maker said that now Turkish mills are in hot water because of the declining price and the threat of deficit. Source: Yieh.com