TURKEY LONG STEEL EXPORTS: Chinese tax decision raises prices sharply

Turkish rebar and wire rod export prices have increased sharply over the past week due to the cancellation of a tax rebate on steel products in China, market sources said on Thursday May 6.

Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), export, fob main port Turkey, was $695-700 per tonne on May 6, up from the $645-650 per tonne of last week.

A steel mill was heard selling a rebar cargo to Singapore at $695 per tonne fob...


Cem Turken

May 06, 2021

15:15 GMT