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Turkish merchant bar producers raise offers by $30

February 05, 2010 - 11:57 GMT Location: London

KEYWORDS: merchant bar , ferrous scrap

Turkish merchant bar producers have increased export offers by $30 per tonne for February production but have so far failed to generate orders due to weak demand, market sources told MB

Turkish producers are attempting to pass on the costs of previously-purchased ferrous scrap to buyers despite sluggish end-user demand. Offers have been quoted at $575-590 per tonne fob main Turkish port, although MB has not heard of any deals concluded at that level. The last reported booked price was $560-570 per tonne fob around four...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

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