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03 Jul
15:30

Turkish merchant bar exporters revise quotes

Turkish merchant bar producers, who lowered their export prices at the beginning of last week, revised their quotes again on Friday. Given the low demand and buyers’ low-price expectations, Turkish merchant bar exporters decreased their prices to $450/tonne fob Turkey for angles at the beginning of the week. After mid-week, however, following the recovery in the domestic market and the halt in the scrap price downtrend, some merchant bar producers increased …
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