TURKEY LONG STEEL EXPORTS: Rising prices trigger demand revival

October 08, 2021 / www.metalbulletin.com / Article Link

The Turkish long steel export market has shown signs of a revival over the past week, after an upturn in prices, sources told Fastmarkets on Thursday October 7.

Turkish steelmakers increased their rebar and wire rod export offer prices, in the wake of rising raw materials and power costs.
Steel mills in the country raised their rebar offers to $690-695 per tonne fob on an actual-weight basis this week, compared with $660-670 per tonne a week ago.

Although they could not sell any material at those offer levels yet, some rebar sales to the Middle East and Africa were heard at $675 per tonne...

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