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29 Jan
15:15

Turkish rod quotes fall on soft demand, scrap

Turkish wire rod producers have further decreased their export quotes due to the low level of demand and lower scrap prices. Turkish mills’ mesh-quality wire rod offer prices fell mostly to $700-715/tonne fob Turkey last week. However, lower offers at below $700/t fob are also available from some producers, Kallanish notes. A Turkish rod producer tells Kallanish: “We are not offering at below $700/t fob because we are fully utilised for longer compare…
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