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14 Sep

Costlier scrap lifts Turkish long steel quotes

Despite sluggish demand, Turkish mills have been forced to increase their long steel export quotes from last week as they have had to pay higher for scrap. On Thursday, offers for rebar stood mostly at $575-585/tonne fob Turkey actual weight, up from $565-580/t last week. Offers for mesh-quality wire rod, meanwhile, are at $585-595/t fob. Demand has remained relatively subdued throughout the week as buyers resisted higher levels. Yemeni buyers are seen keeping th…
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