04
Jul
14:14
Turkish longs producers resist discounts amid firm scrap
Turkish long steel producers are seen refraining from offering discounts or accepting lower bids as scrap prices remain firm.
Mills’ official rebar quotes on Thursday were mostly at $580-590/tonne fob Turkey actual weight, and at $590-600/t fob for mesh-quality wire rod, unchanged from a week earlier.
There were rebar sales at $575-580/t fob even in the first half of the current week. However, mills showed stronger resistance to prices below $580/t on Thurs…
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Anonymous
Very good overview of the weekly steel market.
Anonymous