Import rebar prices in Asia rise as expected amid cost pressure
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Today, January 24, Turkish domestic rebar spot prices have increased by TRY 50-100/mt ($2-6/mt) compared to the end of last week.
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As mentioned before by SteelOrbis, South Korean mills are trying to secure scrap tonnages by increasing their import scrap prices.
Since late Friday, January 21, rumors of deals considered to have been done during the week have been heard in Turkey’s import market.
During the week ending January 24, average Chinese domestic rebar and wire rod prices have moved up.
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