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10 Oct
14:45

Turkish rebar export buyers shun price increases

Some Turkish mills are observed to have increased their rebar quotes, despite there being no improvement in demand in either the local or export market. Rebar quotes, which stood at $405-415/tonne fob Turkey actual weight last week, are seen to have risen to $405-420/t fob this week. This comes after some mills raised offers on the back of costlier scrap, but other producers have maintained prices. Demand has, however, not showed improvement and buyers – u…
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