02
Apr
16:39
Asian rebar sales give Turkish mills respite
Turkish mills have sold a remarkable number of rebar cargoes to Singapore and Hong Kong recently, thanks to China’s absence. Besides high domestic rebar prices n China, the unclarity in the new export tax rebate kept Chinese suppliers away from exports.
As a result of the sales to Asia and the recovery seen in scrap prices since last week, Turkish mills increased rebar offers to $630-640/tonne from $620-630/t fob actual weight last week.
“However, d…
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Anonymous
Very good overview of the weekly steel market.
Anonymous