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12 Jan

Turkish rebar demand on hold, prices soften

The weakening of domestic demand as well as persistent sluggish export demand has led to a reversal of the Turkish rebar price trend that had been on the rise since the last week of December. On Thursday, mills’ rebar export offers were mostly at $710-715/tonne fob Turkey actual weight. Offers for mesh-quality wire rod, meanwhile, were at $720-735/t fob. Amid lacking demand, Turkish long steel producers are seen hoping to get firm bids from customers instea…
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