25
Aug
15:00
Turkish rebar quotes remain firm despite lacking demand
Turkish long steel producers are keeping their export quotes firm despite almost non-existent demand. This is mostly due to firm scrap prices and sellers’ efforts to protect their margins, which are at risk.
Although a slight decline was observed at the beginning of the week, Turkish producers have increased their quotes again following a US-origin scrap deal at $402/tonne cfr. On Thursday, mills’ rebar export quotes were mostly at $650-670/t fo…
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Anonymous
Very good overview of the weekly steel market.
Anonymous