13
May
15:19
Turkish merchant bar plummets on weak demand
Turkish merchant bar producers are facing relatively weak demand in the global market, while pressure on prices has intensified due to sharply falling billet values. As a result, Turkish producers were forced to decrease their quotes sharply last week.
On Friday, Turkish merchant bar producers’ export quotes were mostly pegged at around $820-840/tonne fob Turkey for angles, $830-850/t for IPN-UPN sections, $845-865/t for flat bars, and $830-850/t for IPE sec…
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Anonymous
Very good overview of the weekly steel market.
Anonymous