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) was unchanged at $484.89/mt cfr on Monday for the fourth successive day in a quiet market.


Negotiations remain muted due to the Kurban Bayrami holidays with neither firm bids, nor offers reported, with trading expected to resume next week.


The most recent bookings in the country were done 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 at the beginning of last week.


Spot rebar prices in the Turkish domestic market were flat at TRY7,230-7,430/mt ex-works, including 18pc VAT, on Monday.


In the export market, prices for Turkish rebar remained in the range of $730-740/mt fob actual weight.



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