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04 Jan

Turkish long steel quotes increase amid scrap recovery

Turkish long steel producers have increased their prices this week despite poor export demand. On Thursday, Turkish mills’ official rebar offers were at $600-615/tonne fob Turkey actual weight, up from $595-610/t a week earlier. Offers for mesh-quality wire rod are at $615-630/t fob. Demand, specifically in export markets, however, is yet to support higher values. Turkish mills’ sales in export markets remain subdued since the beginning of the year. W…
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