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10 May

Turkish merchant bar struggles to stabilise amid competition

Turkish merchant bar producers kept their export quotes mostly unchanged from the previous week, although buyers are pushing for lower levels. 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, notes Kallanish. Demand is yet to reach satisfactory levels, while buyers expect prices to decline amid bearish sentiment in the glob…
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