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04 Dec

Turkish rebar offers firm on scrap, but buyers won't bite

Turkish mills have increased their rebar offers for export after scrap prices recovered slightly and a small improvement was felt in domestic market demand. However, buyers in export markets see little justification for the rise, since numerous producers in Turkey have cut output because buying interest is so weak. Vast tonnages bought by one Turkish mill in the last fortnight have supported scrap firming to $305/tonne cfr Turkey, which has turned some produ…
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Adam Smith  |  Poland
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