The Turkish steel producers have extended their absence from the deep-sea scrap markets due to sluggish demand for their finished steel products, sources told Fastmarkets on Wednesday November 21.
In addition to their fears of renewed product outflows from China, the weakening local and export rebar prices have become another obstacle for the mills in Turkey.Rebar prices in China, in both the domestic and export markets, continued to show sharp falls on November 21.Offers for Chinese rebar exports were heard at $530-555 per tonne fob during the day, down by $15-20 per tonne from...