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01 Feb

Subdued demand pressures Turkish long steel prices

Turkish mills have kept their long steel quotes unchanged since last week. However, lacklustre demand in both export and domestic markets is exerting strong pressure on prices. On Thursday, mills’ official rebar offers were at $620-630/tonne fob Turkey actual weight. Offers for mesh-quality wire rod are at $630-650/t fob, notes Kallanish. Amid war, demand in Israel is at almost zero. Yemeni demand remains weak with only small-volume sales happening to the cā€¦
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