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20 Dec
14:53

Turkish rod export prices increase further

Turkish wire rod producers have further increased their export prices due to costlier scrap. Although there was very limited activity in the Turkish scrap market last week, scrap suppliers increased offer prices mostly to $305-310/tonne cfr Turkey for HMS 1/2 80:20, pushing up mills’ costs. Mills’ rod quotes widened last week, as producers in need to sell sooner increased slightly, while those who are fully booked for longer increased by a greater…
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