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24 Nov

Turkish rebar quotes rise amid costlier scrap

Turkish mills have increased their long steel quotes due to the rises seen in scrap prices last week. On Thursday, mills’ export offers were mostly at $630-645/tonne fob Turkey actual weight, up from $615-630/t a week earlier. Offers for mesh-quality wire rod, meanwhile, were at $640-660/t fob. Turkish mills have seen a slight increase in rebar sales following the recovery in scrap prices. Yemeni buyers, who were waiting for prices to bottom, have returned …
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