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18 Jan

Turkey eyes further Peru rebar sales amid challenges

Turkish long steel producers are facing a serious contraction in demand in Israel and Yemen, two major destinations, amid the Gaza war. Given they are trying to offset this with alternative markets, one mill’s rebar and wire rod sales to Peru have been welcomed by the market. A Marmara mill sold around 32,000 tonnes of rebar and wire rod to Peru towards the end of last week. Although the price is heard to have been at $610-620/tonne fob Turkey actual weight …
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