Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The daily Davis Index for Turkish imports of US-origin HMS 1&2 (80:20) remained unchanged at $484.89/mt cfr on Wednesday.


Negotiations remained muted in a quiet market that has taken a pause for the Kurban Bayrami holidays. Business activity is expected to revive next week when Turkish mills will return to finish cargo purchases for August shipments. Some of these buyers may consider bookings for September shipment as well.


The most recent transactions in the country were fixed at $485/mt cfr for HMS 1&2 (80:20) from the USA and at $489/mt cfr for HMS 1&2 (95:5) from Canada more than a week ago.


Spot rebar prices in the Turkish domestic market were unchanged at TRY7,230-7,430/mt ex-works, including 18pc VAT, on Wednesday, while export rebar prices stayed at $730-740/mt fob actual weight.



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