07
May
15:38
Turkish mills hope scrap uptick triggers rebar demand
Turkish mills are struggling to sell rebar in export markets, but the further depreciation of the lira has supported Turkish domestic rebar demand this week.
As a result of weak demand and buyers’ pressure on prices, Turkish rebar export quotes have decreased further this week. Turkish mills’ rebar offers, which stood at $400-410/tonne fob a week ago, have decreased mostly to $390-395/t fob Turkey actual weight this week. However, some producers increa…
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Anonymous
Very good overview of the weekly steel market.
Anonymous