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23 Nov

Turkish longs continue climb on firm raw materials

Turkish long steel producers have further raised their quotes this week amid costlier production. However, demand is yet to support price hikes. On Thursday, Turkish mills’ official rebar offers were at $580-600/tonne fob Turkey actual weight, up from $570-590/t last week. Offers for mesh-quality wire rod are at $590-610/t fob. Demand remains sluggish as buyers remain reluctant to conclude purchases amid constantly increasing prices. However, there seems to…
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