Interest towards rebar bookings low in Iraq
Iraqi domestic rebar producers have some positive sentiments; as prices are available within $490-550/t EXW, up by $10/t over the month.
The rebar import segment remains sluggish owing to several factors, such as the end of Ramadan, Eid ul-Fitr celebration and the Coronavirus impact. In addition to the quarantine measures in the country.
Nevertheless, some rebar lots for June shipment, from Iran, were procured at within $390-400/t CPT; down around $5/t over the month.
Offers from Turkey have decreased by $10/t since the end of April, coming to $420-430/t CPT Erbil for June shipment; as for the Ukrainian rebar, it was available at $385-390/t FOB for late June shipments.
The prices are indicated without a $90/t import duty on steel products in the country.