28
Jun
15:24
Turkish longs remain stable despite costlier scrap
Turkish long steel producers have kept their offer prices mostly stable despite the recovery seen in scrap prices last week, notes Kallanish.
Mills’ official rebar quotes on Friday 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.
Although Turkish mills failed to reflect scrap price rises in their long steel offers due to insufficient demand, most resisted bids at below $5…
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Anonymous
Very good overview of the weekly steel market.
Anonymous