TURKISH REBAR OFFERS TO THE U.S. CONTINUE TO CLIMB

Turkish rebar offers to the US continued to climb last week as mills pushed for higher pricing, market sources said Friday. 

Multiple US traders put current offers into the Gulf Coast in the range of $425-$435/mt CFR ($390-$400/st CIF). A Turkish trader said offers into the Gulf Coast from one mill are $425/mt CFR and offers into the East Coast are $435/mt CFR.

"At the very best you can buy at $420/mt, if it's a big buy, maybe $415/mt ($381/st CIF)," a US-based trader said. 

Platts raised its US rebar import price assessment to $381-$386/st CIF Houston on Friday, up from $363-$367/st CIF. Turkey remains the price leader in the US Gulf Coast.