The price of Turkish rebar steel in the US has edged lower since the start of 2016, with buyers backing away from booking forward orders, sources said Thursday.
"The market is extremely quiet," one East Coast-based trader said Thursday. "I'm trying to sell for March and April and I'm not getting anyone calling me back."
On Tuesday, Platts lowered its Turkish export rebar price assessment to $324/mt FOB.
Turkey remains the price leader in the US Gulf. Platts on Thursday lowered its daily US imported rebar price assessment to $311-$318/st CIF Houston from $316-$321/st.
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