04
May
15:53
Turkish rebar continues downswing amid subdued demand
Turkish rebar prices are continuing their long-lasting downward trend due to subdued demand in both export and domestic markets.
Turkish mills’ official offer prices stood mostly at $640-650/tonne fob Turkey actual weight on Thursday, down from $660-670/t a week earlier. Offers for mesh-quality wire rod, meanwhile, were at $650-665/t fob.
Although official quotes remain at these levels, lower prices at around $630/t seem workable for firm bids, while even l…
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Anonymous
Very good overview of the weekly steel market.
Anonymous