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03 May

Turkish merchant bar producers struggle amid unfavourable market

Turkish merchant bar producers struggled to maintain their prices due to insufficient demand and tough competition, although billet prices improved last week. On Friday, producers’ official export quotes were pegged mostly at around $610-635/tonne fob Turkey for angles, IPN-UPN sections, flat bars and IPE sections, unchanged from last week. Turkish producers have failed to reflect the increases in billet prices in their offers and were even forced to reduce…
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