25
Apr
15:08
Turkish longs struggle to hold amid sluggish demand
Turkish long steel producers are trying to keep their offers firm as they have been forced to pay higher for scrap. However, buyers’ pressure and sluggish demand are making this difficult, Kallanish notes.
Turkish mills’ official rebar quotes stood on Thursday mostly at $590-600/tonne fob Turkey actual weight, and at $600-615/t fob for mesh-quality wire rod. Higher offers are nevertheless being quoted by some producers.
Amid insufficient demand i…
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Anonymous
Very good overview of the weekly steel market.
Anonymous