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27 Mar

Turkish merchant bar export prices fall further

Turkish merchant bar producers have further decreased their export prices as a result of weak demand in global markets due to the coronavirus outbreak. Although the number of customers inquiring for material is limited, offer prices currently stand mostly at $440-450/tonne for angles, $450-460/t for IPN-UPN sections, $460-470/t for flat bars and $450-460/t for IPE sections. These are $20/t lower on-week and on an fob Turkey basis. A Turkish merchant bar producer …
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