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25 Jan

Turkish longs prices remain vulnerable despite firm scrap

Turkish long steel producers are going through a quite quiet week in terms of sales in both domestic and export markets. On Thursday, mills’ official rebar offers were at $620-630/tonne fob Turkey actual weight, up from $615-625/t last week. Offers for mesh-quality wire rod are at $630-650/t fob. Despite weak sales, producers have been forced to increase their prices this week due to increased labour costs, after metal workers managed to secure a 157.4% ann…
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