TURKEY LONG STEEL EXPORTS: Lack of demand pushes prices further down

The lack of trading activity in the second half of December continued to put pressure on Turkish long steel exporters, and on rebar in particular, which has forced suppliers to further decrease offers.

The European Commission's decision to extend safeguard regulations until February 1, 2019 has added more uncertainty into the market, leaving the question of how much rebar will be allowed to be supplied to the EU next year open.

In response, rebar offers from Turkish suppliers dropped from $470-475...


Vlada Novokreshchenova

December 20, 2018

17:30 GMT