TURKEY LONG STEEL EXPORTS: Limited demand drags down rebar prices

The Turkish long steel export market remained quiet over the past week on a lack of demand from Southeast Asia, while falling scrap costs were increasing the pressure on prices, market participants told Fastmarkets on Thursday June 3.

The steelmakers in Turkey decreased their export rebar offers but still failed to find demand for their material.

The mills were offering rebar for export at $730 and $760 per tonne fob on an actual weight basis, compared with $750-780 per tonne in the previous...

Published

Cem Turken

June 03, 2021

14:28 GMT

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