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01 Jun

Turkish rebar fails to compete amid contracting demand

Turkish long steel producers are struggling to improve export sales as their prices remain way above the competition amid weak global demand. Turkish mills’ official offer prices stood mostly at around $630-640/tonne fob Turkey actual weight on Thursday, down from $640/t last week. Offers for mesh-quality wire rod, meanwhile, were at $635-650/t fob. Despite the reduction in prices, no remarkable sales are being reported in the global market where competitio…
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