07
May
16:55
Strong demand, raw materials lift Turkish merchant bar
Turkish merchant producers have seen a significant increase in demand following China’s removal of export tax rebate on certain products. This, coupled with costlier raw materials, has seen merchant bar prices record a sharp increase.
Although merchant bars were not included in the zero-tax rebate category, some Chinese sellers are heard to have cancelled their shipments or asked for extra payments following the announcement. Those Asian buyers affected have…
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Anonymous
Very good overview of the weekly steel market.
Anonymous