01
Aug
14:50
Turkish longs prices struggle to hold, expectations diverge
Turkish long steel producers are seen struggling to hold their prices amid insufficient sales, notes Kallanish.
Mills’ official rebar quotes on Thursday were mostly at $580-590/tonne fob Turkey actual weight, and at $590-600/t fob for mesh-quality wire rod.
Sales have slowed even further amid the holiday season. Demand in the EU, which has become a major destination amid Israel’s absence and Yemen’s contraction, has dropped significantly. A Turk…
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Anonymous
Very good overview of the weekly steel market.
Anonymous