17
Oct
19:23
Turkish mills’ rebar hikes fail to convince buyers
Turkish mills, having suffered for a while from weak demand, are unable to convince their customers of price increases. Although scrap prices in the latest deals have climbed to $241-244/tonne cfr Turkey, Turkish rebar mills have been unable to reflect the increases in their rebar prices.
Although some mills have increased their rebar export quotes to $425/t fob actual weight, most have kept their offers at $415/t fob levels. However, buyers in the global market…
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Anonymous
Very good overview of the weekly steel market.
Anonymous