TURKEY LONG STEEL EXPORTS: Prices sharply down on Covid-19 spread, strong fall in scrap costs

Long steel export prices in Turkey have gone down sharply over the past week amid the Covid-19 pandemic, which has affected almost all markets, sources said on Thursday March 26.

Steel producers in Turkey have reduced their offers on rebar to $390-395 per tonne fob on an actual weight basis, from last week’s $425-430 per tonne, but only one bid was heard at $375 per tonne.

Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), export, fob main port Turkey, was $375-390 per tonne on Thursday, down from $420-425 per tonne fob,...


Cem Turken

March 26, 2020

14:42 GMT