03
Sep
13:17
Turkish pipe quotes fall on cheaper HRC
Turkish pipe producers have slightly decreased their export quotes this week due to weaker demand and lower hot rolled coil prices.
Bearish sentiment and weakening prices in the European HRC market are causing European buyers to remain reluctant over buying Turkish pipe. Although there are inquires for Turkish pipe from the EU and UK, the largest export destinations for Turkish pipe, the deal conversion rate is quite low as buyers expect pipe prices to fall furth…
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Anonymous
Very good overview of the weekly steel market.
Anonymous