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30 Nov

Turkish longs continue uptick, scrap exceeds $400 threshold

Turkish long steel producers have further increased their quotes this week due to scrap continuing to rise. On Thursday, Turkish mills’ official rebar offers were at $585-600/tonne fob Turkey actual weight, up from $580-600/t last week. Offers for mesh-quality wire rod are at $595-610/t fob. In export markets, demand is yet to reach expected volumes. However, sentiment turned positive following Israel’s resumption of purchases, which is expected to im…
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