21
Mar
17:00
Turkish mills hold rebar quotes despite zero activity
Turkish mills have maintained rebar export offers this week at $490-505/tonne fob Turkey, with not a single deal reported, according to market participants. Domestic prices have risen slightly, but due to the weakening of the lira against the dollar rather than any demand improvement.
One Turkish trader says $485/t fob is still available from some mills, “… but who will buy?” he asks. “Israel has finished, in Yemen there is Ramadan comin…
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Anonymous
Very good overview of the weekly steel market.
Anonymous