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13 Jun
14:39

Turkish longs sales record no recovery before holiday

Turkish mills have failed to reach the long steel sales volumes they had hoped for ahead of the Feast of Sacrifice holiday starting this weekend. Mills’ official rebar quotes on Thursday were mostly at $580-590/tonne fob Turkey actual weight, and at $590-600/t fob for mesh-quality wire rod, unchanged from last week. Amid firm scrap prices, mills mostly refrained from decreasing values below $580 for rebar. However, lower deal prices at around $575/t were he…
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