Davis Index – Daily metal prices, scrap prices & global metal market

Rebar exports from Turkey slipped to 5.69mn mt in 2019 from 5.95mn mt in 2018 due to to trade barriers and challenging market conditions.

 

Yemen was the largest importer of Turkish rebar, according to Turkish statistical source SteelData, with shipments to the Middle Eastern country up 28.7pc to 1mn mt in 2019 compared to the previous year.

 

Rebar export to Israel increased by 21.2pc to 906,000mt and rose by 49.1pc to Singapore, which imported 586,000mt. Shipments to Ethiopia rose by 35.2pc to 309,000 mt in 2019.

 

Shipments to Hong Kong, another important buyer of Turkish rebar, however, decreased by 40.1pc to 215,000mt, according to SteelData.

 

Apart from the top importers, Djibouti (176,000mt), Romania (154,000mt), Panama (132,000mt), Lebanon (127,000mt), and Jamaica (122,000mt) also took shipments of Turkish rebar during the year.

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