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06 Jun

Turkish longs prices remain stable despite higher scrap

Turkish long steel producers have kept their offer prices unchanged from last week, despite scrap values rebounding, Kallanish notes. Turkish mills’ official rebar quotes on Thursday were mostly at $580-590/tonne fob Turkey actual weight, and at $590-600/t fob for mesh-quality wire rod, unchanged from last week. However, although there were lower-priced rebar sales at $570-580/t last week, Turkish mills mostly avoided providing discounts and accepting …
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