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28 Feb

Turkish merchant bar export prices soften

Demand for Turkish merchant bar has remained limited in the global market. Most Turkish merchant bar producers barely managed to keep prices stable last week. However, some re-rollers were forced to drop their prices. Offers currently stand mostly at $480-490/tonne for angles, $490-500/t for IPN-UPN sections, $500-510/t for flat bars and $490-500/t for IPE sections. These are all on a fob Turkey basis. However, lower and higher quotes of $475/t and $495/t fob resp…
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