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09 May

Turkish longs suffer amid weak demand, tough competition

Turkish long steel producers are seen suffering from weak demand and lower prices amid competition, while the outlook for the rest of the year has turned more bearish. Turkish mills’ official rebar quotes stood on Thursday mostly at $585-600/tonne fob Turkey actual weight, and at $595-610/t fob for mesh-quality wire rod, each down $5/t from the low end of last week’s range. Following sales to Peru, Jamaica, Trinidad and Tobago, Chile and Panama at $58…
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