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02 May

Turkish long steel sales remain subdued, sentiment bearish

Turkish long steel producers are seen struggling for sales in both domestic and export markets, while the outlook for the rest of the year remains bearish. Turkish mills’ official rebar quotes stood on Thursday mostly at $590-600/tonne fob Turkey actual weight, and at $600-615/t fob for mesh-quality wire rod, unchanged from last week. Higher offers are, though, still being quoted by some producers. Following sales to Peru, Jamaica and Trinidad and Tobago at…
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