15
Aug
14:37
Turkish longs prices soften amid bearish sentiment
Turkish long steel producers have decreased their prices amid the bearish sentiment prevailing in domestic and export markets and decreased scrap values.
Mills’ official rebar quotes on Thursday were mostly at $575-580/tonne fob Turkey actual weight, and at $585-590/t fob for mesh-quality wire rod, notes Kallanish.
However, amid insufficient demand and negative global sentiment arising from the slump in China, some producers are seen accepting rebar bids a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous