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26 Mar
00:00

Turkish rebar mills struggle to offer lower export prices as scrap stands firm

Turkish mills’ struggles to conclude rebar exports deepened this week after stalwart market United Arab Emirates saw a steep reduction in its local rebar prices, but scrap remained stubbornly stable. The military intervention of Gulf Cooperation Council states in Yemen, meanwhile, raised uncertainty over freight rates and stability in the region, market participants tell Kallanish. Turkish mills have been largely out of the scrap market this week, havi…
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