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21 Jul

Turkish rebar quotes foreseen dropping amid weak demand

After opening rebar sales at relatively high prices following the long Eid holiday, Turkish producers have been forced to decrease their prices gradually due to weak demand and lower scrap values. Turkish mills’ export quotes for rebar were mostly at $700-710/tonne fob Turkey actual weight on Thursday. This is down from $730-740/t fob on Monday. Export quotes for mesh quality wire rod, meanwhile, are mostly at $720-750/t fob, though higher levels are also be…
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Burcak Alpman  |  Turkey
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