[Turkey] Weak Demand Drives Down Rebar and Wire Rod Export Prices, Mills Offer Concessions for Orders
[Turkey] Weighed down by weak fundamentals, the export price of Turkish rebar assessed by the Turkish Steel Exporters' Association (MESTEEL) recently pulled back to $580–590/mt FOB, while wire rod export prices also dipped to $595–605/mt FOB. As demand shows no sign of improvement, in order to secure enough forward export orders to sustain operations, steel mills are still willing to offer concessions and compete for orders during negotiations.