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03 Mar

Turkish rebar quotes increase further, exports on hold

Turkish producers increased their rebar quotes further last week. However, activity slowed in the domestic market while exports came to a halt. On Friday, export offers for rebar stood mostly at $760/tonne fob actual weight, up from $740-750/t a week earlier. Offers for mesh-quality wire rod, meanwhile, were at $770-780/t fob. Sales to export markets, however, remained at almost zero as Turkey’s rebar prices became the world’s highest following last w…
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