22
Nov
14:41
Costs, prices squeeze Turkish merchant bar re-rollers
Turkish merchant bar re-rollers, who are facing low demand in international markets, have been unable to reflect high billet costs in their merchant bar transaction prices.
Although most have kept their offer levels stable at last week’s levels, they are unable to sell at current offer prices as bids appear to be at much lower levels.
Turkish re-rollers’ current offer prices stand mostly at $470-480/t for angles, $475-485/t for IPN-UPN sections, $…
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Anonymous
Very good overview of the weekly steel market.
Anonymous