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17 Mar

Turkish merchant bar quotes slide amid buyer resistance

Turkish merchant bar producers have been forced to decrease their export quotes as buyers largely find Turkey’s vales too high. On Friday, most producers’ export quotes were pegged at $785-800/tonne fob Turkey for angles, $795-810/t for IPN-UPN sections, $805-820/t for flat bars, and $795-810/t for IPE sections. Amid weak demand and buyer resistance, however, some producers are seen offering discounts in order to retain customers. Deal prices at as lo…
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