08
Dec
14:56
Buyers resist further hikes in Turkish rebar prices
Turkish producers have further increased rebar quotes since last week due to the ongoing rises seen in scrap prices. However, the new level of prices is facing resistance from buyers and forcing producers to offer discounts.
On Thursday, mills’ export offers were mostly at $670-690/tonne fob Turkey actual weight, up from $655-670/t a week earlier. Offers for mesh-quality wire rod, meanwhile, were at $685-700/t fob.
Export demand remains limited to major buy…
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Anonymous
Very good overview of the weekly steel market.
Anonymous