30
Sep
15:38
Turkish mills eye rebar demand following scrap recovery
Turkish mills are expecting rebar demand to rebound following the recent recovery in scrap prices, though this is yet to materialise.
Mills are continuing to register weak demand for rebar, with sales still slow despite a slight improvement in the number of inquiries.
Turkish mills’ official quotes are mostly at $670-675/tonne fob Turkey actual weight. However, they are ready for negotiations over firm bids.
Although there were rumours of rebar sales to As…
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Anonymous
Very good overview of the weekly steel market.
Anonymous