TURKISH STEEL MARKET ROUNDUP FROM
MEPS INTERNATIONAL LTD
Hot rolled coil selling
figures were under negative pressure during September, in Turkey, according to
MEPS. Provisional anti-dumping duties on imports from China, Russia, Japan and
Slovakia have been set.
Domestic wire rod transaction values moved lower in September. The downward
pressure occurred despite the fact that Isdemir’s wire rod mill has been shut
for maintenance work until the middle of October. Export prices continued to
fall. Meanwhile, Turkish service centres are reluctant to purchase rebar in,
what they deem as, precarious trading conditions.
Merchant bar transaction values decreased further in September. Steelmakers are
growing more pessimistic about the prospects for domestic steel consumption in
the final quarter of 2015.
Source: MEPS -
Steel Review - September Edition
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