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25 May

Turkish rebar struggles to compete in global arena

Amid a contraction in global demand, Turkish long steel producers are struggling to exist in the export arena due to their price levels being far above the competition, Kallanish notes. Turkish mills’ official offer prices stood mostly at around $640/tonne fob Turkey actual weight on Thursday, down from $640-655/t last week. Offers for mesh-quality wire rod, meanwhile, were at $650-660/t fob. Despite reducing prices, Turkish mills failed to register an impr…
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Burcak Alpman  |  Turkey
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