05
Nov
13:44
Turkish merchant bar quotes soften amid weak demand
Turkish merchant bar producers are seen facing weak demand in the global market. With the support of the decrease in billet prices, they lowered their offer prices last week.
Most producers are now seen offering at $795-805/tonne fob Turkey for angles, $805-815/t for IPN-UPN sections, $815-825/t for flat bars, and $805-815/t for IPE sections.
Demand in the EU, a major destination, is quite low as buyers are cautious. “The latest European quotas were fulfill…
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Anonymous
Very good overview of the weekly steel market.
Anonymous