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16 May

Turkish longs slide amid limited demand

Turkish long steel producers have been forced to decrease their quotes despite not securing their targeted prices from scrap suppliers. Turkish mills’ official rebar quotes stood on Thursday mostly at $580-590/tonne fob Turkey actual weight, and at $590-600/t fob for mesh-quality wire rod, each down $5-10/t from last week’s range. Demand in the global market is sluggish, while the limited number of buyers are exerting pressure on prices. Bids are comi…
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