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23 May

Turkish longs continue to slide with scrap support

Turkish long steel producers have further decreased their prices this week due to sluggish sales in both domestic and export markets, Kallanish notes. Turkish mills’ official rebar quotes stood on Thursday mostly at $575-585/tonne fob Turkey actual weight, and at $585-600/t fob for mesh-quality wire rod, each down $5/t from last week’s range. Lower prices were also available from some Turkish mills, as sales volumes are barely enabling Turkish mills&r…
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