TURKEY LONG STEEL EXPORTS: Mills cut offer prices amid sluggish demand

Turkish rebar and wire rod export prices have gone down over the past week, with poor demand convincing producers to reduce their offer prices, sources said on Thursday June 25.

Turkish steel producers lowered their offers for rebar exports to $415-420 per tonne fob on an actual-weight basis to encourage sales, down from last week’s $425-430 per tonne. However, apart from a small containerized sale, no significant transactions have been heard so far this week. One steel mill was heard to have sold 2,000 tonnes of rebar to Myanmar at $410 per tonne fob on...

Published

Cem Turken

June 25, 2020

16:10 GMT

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