03
Aug
15:20
Turkish producers resist further lowering long steel prices
Turkish steel producers are not keen on further reducing long steel prices as they are unable to force through scrap price decreases to their targeted levels.
Turkish mills’ official rebar offers stood mostly at around $555-565/tonne fob Turkey actual weight on Thursday, while offers for mesh-quality wire rod were at $560-575/t fob, notes Kallanish.
Mills slightly increased their rebar quotes earlier this week to $565-580/t fob due to tight scrap prices, l…
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Anonymous
Very good overview of the weekly steel market.
Anonymous