25
Aug
15:41
Turkish longs producers bemoan weak demand, high freight
Turkish long steel producers have been forced to decrease their prices further after the expected demand recovery failed to materialise throughout August.
Mills’ rebar prices, which stood at $690-700/tonne fob a week ago, are now pegged at $680-690/t fob Turkey actual weight. Wire rod offers meanwhile decreased to $780-800/t fob and merchant bar quotes fell to $710-730/t fob. However, there are also offers at lower levels from some long steel producers depen…
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Anonymous
Very good overview of the weekly steel market.
Anonymous