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30 Mar

Turkish rebar continues to fall amid weak demand

Turkish long steel producers have further decreased their quotes this week amid subdued demand and falling scrap and energy prices. On Thursday, official export offers for rebar stood mostly at $710-720/tonne fob Turkey actual weight, down from $720-730/t a week earlier. Offers for mesh-quality wire rod, meanwhile, were at $720-740/t fob. Export demand remains quite stagnant for Turkish rebar. Although mills’ production costs received some respite with the…
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