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23 Dec
13:42

Turkish domestic rebar demand recovers amid firm scrap

Turkish domestic rebar demand recovered on Friday following Turkish mills’ scrap bookings at prices above their desired levels. Although the scrap market remained silent on Friday, Turkish mills bought numerous imported scrap cargoes throughout the week and almost fulfilled their January-shipment requirements. Despite decreasing rebar prices throughout the week, they have been forced to pay over the values desired for scrap as scrap suppliers remained firm w…
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