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23 Mar

Subdued demand pressures Turkish long steel quotes

Turkish long steel producers have further decreased their quotes this week amid subdued demand. On Thursday, official export offers for rebar stood mostly at $720-730/tonne fob Turkey actual weight, down from $725-740/t a week earlier. Offers for mesh-quality wire rod, meanwhile, were at $730-745/t fob. Demand, however, remains lacking in both domestic and export markets. Some producers find further price reductions unnecessary, since demand is anyway non-exist…
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