06
Sep
11:58
Turkish merchant bar exporters lower prices
Turkish merchant bar producers have been forced to decrease their export quotes, following customers’ lower price expectations due to falling scrap and billet prices.
Angles, which stood at $490-500/tonne fob last week, are seen to be decreasing this week. Although demand for merchant bar is a bit stronger compared to rebar and wire rod, global buyers prefer to wait before concluding deals as raw material prices keep decreasing. Following the sudden decrea…
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Anonymous
Very good overview of the weekly steel market.
Anonymous