28
Sep
20:28
Asia, US deal rumours puzzle Turkish rebar market
Various rumours of Turkish rebar sales to Asia and the US are confusing market participants and said to be influencing prices.
No Turkish mill has confirmed the sales, the rumours of which are being circulated in order to manipulate the market and increase prices, according to market participants.
Kallanish has heard of a 20,000-tonne rebar sale to the US at $660/tonne fob Turkey and rebar sales at $720/t cfr Singapore theoretical weight and $725/t cfr Hong Kong …
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Anonymous
Very good overview of the weekly steel market.
Anonymous