11
Nov
14:43
Stubborn scrap prices out Turkish rebar, China stirs
Turkish rebar producers are facing weak demand in the global market while the pressure on prices rises. Mills are mostly keeping offer prices stable, however, as they are unable to secure scrap at desired prices.
Turkish rebar export quotes are mostly at $740-745/tonne fob Turkey actual weight, though higher and lower prices are also available from some producers.
With bearish sentiment arising from price drops in China prompting rebar buyers to exert extra…
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Anonymous
Very good overview of the weekly steel market.
Anonymous