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17 Jan
17:36

Turkish rod producers struggle to maintain export prices

The pressure on Turkish wire rod producers’ export prices is seen to have increased as a result of falling scrap prices.  Although some mills were offering mesh quality wire rods close to $500/tonne fob the week before, they lowered their offer prices to $490/t fob and below last week. Most producers that offered at $465-475/t fob two weeks ago are seen to have kept their prices stable this week. However, price offers at below $465/t fob are also availa…
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