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15 Feb

Turkish long-steel prices struggle to hold prior levels

Turkish long steel producers are seen resisting further lowering their prices despite weak demand in both domestic and export markets and weakened scrap prices. On Thursday, mills’ official rebar offers are at $615-630/tonne fob Turkey actual weight. Offers for mesh-quality wire rod are at $620-640/t fob, notes Kallanish. Demand, in general, remains sluggish in the absence of two major markets, Yemen and Israel. No other market is sufficient to close the ga…
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