Platts assessed Turkish exported rebar at $580/mt FOB on June 14, stable on day, based on indications from market sources.
Tradable values were indicated at $570-$585/mt FOB. Mill offers were heard at $585-$590/mt FOB.
No data was excluded from the assessment.
Platts is part of S&P Global Commodity Insights.
The above rationale applies to the Platts daily Turkish rebar assessment, with the associated market data code: STCBM00
The Platts Rebar FOB Turkey assessment by S&P Global Commodity Insights has been running since June 5, 2006.
It reflects the spot price for sales of rebar in Turkey.
It specifies that the rebar is of Turkish origin and in bulk quantity. Containerized sales are considered as market movement indications but are not factored into assessment.
S&P Global Commodity Insights considers a wide range of pricing weighted by quantity as different end markets pay differing amounts related to consumption.
The Platts Rebar FOB Turkey assessment is assessed on a US dollar per metric ton basis with a time stamp of 16:30.
Looking to manage your risk through an Exchange/Clearing House?
The below settlement centres provide risk management tools basis Platts rebar price:
London Metal Exchange
More information: www.lme.com/ferrous
To evaluate the FOB Turkey rebar price, information on transactions, bids and offers from the entire global market is captured on a daily basis. The data is normalized to reflect the variable freight rates and the purchasing power of certain end user markets when assessing the direction or level of the market.
The price evaluation reflects rebar exported from Turkey on a FOB basis with the following conditions: Loads are normalized to cargoes of a size of 10,000 mt, delivery interval of 2 to 8 weeks and with payment at sight.
