27
Apr
15:42
Turkish rebar remains depressed amid subdued demand
Turkish mills have yet to see a recovery in rebar demand in either the export or domestic markets, with prices dropping further.
Turkish mills’ official offer prices stood mostly at $660-670/tonne fob Turkey actual weight on Thursday, down from $670-685/t a week earlier. Offers for mesh-quality wire rod, meanwhile, were at $680-700/t fob.
However, amid subdued demand, all mills seem ready to negotiate on firm bids. $650/t fob seems workable for almost all m…
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Anonymous
Very good overview of the weekly steel market.
Anonymous