Saturday 23 May 2009

Turkish mills reduce rebar offers to UAE to USD 450 CFR levels

It is reported that the import prices of the rebars are on slide in UAE.

As since last 30 days Turkish mills could not succeed to book any rebars parcel at targeted levels of USD 500 CFR levels, market sources inform that the some rebar parcels by UAE buyers have been now booked from Turkey at USD 450 per tonne on theoretical weight.

This shows that UAE market is interested to import but they need right price levels.

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